CAUGHT IN THE CYCLE: ECONOMIC CONDITIONS AT ENROLMENT AND LABOUR MARKET OUTCOMES OF COLLEGE GRADUATES

被引：2
|
作者：
Bicakova, Alena
Cortes, Guido Matias [1 ]
Mazza, Jacopo
机构：
[1] CERGE EI, Prague, Czech Republic
来源：
ECONOMIC JOURNAL | 2021年 / 131卷 / 638期
关键词：
BUSINESS-CYCLE; SKILL ACQUISITION; COHORT SIZE; SCHOOL; EARNINGS; EDUCATION; RETURNS; IMPACT; WAGES; TIME;
D O I：
10.1093/ej/ueab003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We show that cohorts of male graduates who start college during worse economic times earn higher average wages than those who start during better times. This is not explained by differences in selection into employment, economic conditions at graduation, or field of study choices. Graduates who enrol in bad times are not more positively selected based on their high-school outcomes, but they achieve higher college grades and earn higher wages conditional on their grades. Patterns for female graduates are similar, though less robust. Our results suggest that individuals who enrol during downturns exert more effort during their studies.
引用
收藏
页码：2383 / 2412
页数：30
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