The long-term effects of the depression on the labour market outcomes for nurses
Using Finnish data this paper examines to what extent the share of a cohort being unemployed, in health care employment and being out of the labour market after the graduation of the cohort have affected the long-run labour market outcomes. The dependent variables are formed by standardising the shares for all cohorts and years. This is done by dividing the cohort specific share with the average share for all nurses in each year. The long-term effects are significant for all three variables. According to the estimates the deep recession of the 1990s raised the long-run unemployment by more than 2 percentage points for the nurses graduating then.