'Why don't firms hire young workers during recessions?' by Eliza Forsythe (2022), Economic Journal -- Replication report

We gauge the replicability of results of Forsythe (2022) studying the cyclicality of individuals' labor market transitions conditional on their experience. Using Current Population Survey (CPS) data and state-level variation in cyclical unemployment, this paper shows that the hiring probability of youths is more sensitive to business-cycle conditions than that of experienced individuals. We replicate the main results in this paper by reconstructing the dataset using data from IPUMS CPS (Flood et al., 2020) and recoding the paper's main regressions. We also conduct a robustness replicability analysis and show that the paper's main results are robust in terms of statistical significance to (i) extending the sample period from 1994-2014 to 1994-2019 and (ii) using MSA-level unemployment variation instead of state-level variation. However, these extensions reduce the magnitude of the main effects of interest. The paper's conclusions are unaffected.
Code available at https://github.com/jcrechet/replication_forsythe_2022_EJ.