Original title: Make your own luck: the wage gains from starting college in a bad economy
Authors: Bičáková, Alena ; Cortes, G. M. ; Mazza, J.
Document type: Research reports
Year: 2021
Language: eng
Series: CERGE-EI Working Paper Series, volume: 698
Abstract: Using data for nearly 40 cohorts of American college graduates and exploiting regional variation in economic conditions, we show robust evidence of a positive relationship between the unemployment rate at the time of college enrollment and subsequent annual earnings, particularly for women. This positive relationship cannot be explained by selection into employment or by economic conditions at the time of graduation. Changes in major field of study account for only about 10% of the observed earnings gains. The results are consistent with intensified effort exerted by students who experience bad economic times at the beginning of their studies.
Keywords: business cycle; cohort effects; higher education
Project no.: GA19-15303S (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/Wp698.pdf
Original record: http://hdl.handle.net/11104/0321991

Permalink: http://www.nusl.cz/ntk/nusl-449693


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