Original title: Caught in the cycle: economic conditions at enrollment and labor market outcomes of college graduates
Authors: Bičáková, Alena ; Cortes, G. M. ; Mazza, J.
Document type: Research reports
Year: 2018
Language: eng
Series: CERGE-EI Working Paper Series, volume: 622
Abstract: We find robust evidence that cohorts of graduates who enter college during worse economic\ntimes earn higher average wages than those who enter during better times. This difference is\nnot explained by differences in economic conditions at the time of college graduation, changes\nin _eld of study composition, or changes in selection into occupations or industries. Cohorts\nwho start college in bad times are not more positively selected based on their high-school\noutcomes, but they graduate with higher college grades, and earn higher wages conditional on\ntheir grades. Our results suggest that these cohorts exert more effort during their studies.
Keywords: business cycle; cohort effects; higher education
Project no.: GBP402/12/G130 (CEP)
Funding provider: GA ČR

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: https://www.cerge-ei.cz/pdf/wp/Wp622.pdf
Original record: http://hdl.handle.net/11104/0286599

Permalink: http://www.nusl.cz/ntk/nusl-386542


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