Hampf, Franziska
[VerfasserIn]
;
Piopiunik, Marc
[Sonstige Person, Familie und Körperschaft];
Wiederhold, Simon
[Sonstige Person, Familie und Körperschaft]
The Effects of Graduating from High School in a Recession
: College Investments, Skill Formation, and Labor-Market Outcomes
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2020 erstellt
Beschreibung:
We investigate the short- and long-term effects of economic conditions at high-school graduation as a source of exogenous variation in the labor-market opportunities of potential college entrants. Exploiting business cycle fluctuations across birth cohorts for 28 developed countries, we find that bad economic conditions at high-school graduation increase college enrollment and graduation. They also affect outcomes in later life, increasing cognitive skills and improving labor-market success. Outcomes are affected only by the economic conditions at high-school graduation, but not by those during earlier or later years. Recessions at high-school graduation narrow the gender gaps in numeracy skills and labor-market success