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The Long-Term Impact on Wages of Entering The Labour Market in a Recession in Singapore

21 November 2011

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THE LONG-TERM IMPACT ON WAGES OF ENTERING THE LABOUR MARKET IN A RECESSION IN SINGAPORE

Singapore has experienced increasing economic volatility in recent years. In the past 15 years, Singapore went through three recessions compared to only one before 1996. Although Singapore rebounded strongly and quickly from each of these recessions, the recessions could leave a long-term impact on certain segments of the labour force. One such segment is fresh entrants to the labour market.

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