We estimate the causal effect of parents' unemployment on unemployment among their children in their own adulthood. We …) identifcation strategy using parents' job loss during a mass layoff as the instrument. We find evidence of unemployment inheritance … in the next generation. An additional day of unemployment during childhood causally raises the average unemployment days …

We estimate the causal effect of parents' unemployment on unemployment among their children in their own adulthood. We …) identification strategy using parents' job loss during a mass layoff as the instrument. We find evidence of unemployment inheritance … in the next generation. An additional day of unemployment during childhood causally raises the average unemployment days …