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Title: How Recessions Affect Returns to College
Resulting in 1 citation.
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Curry, Matthew K. |
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How Recessions Affect Returns to College Presented: New Orleans LA, Population Association of America Annual Meeting, April 2013 Cohort(s): NLSY97 Publisher: Population Association of America Keyword(s): College Degree; College Graduates; Educational Attainment; Employment; Labor Force Participation; Propensity Scores Permission to reprint the abstract has not been received from the publisher. The Great Recession has been the worst economic downturn in the United States since the 1930s. Five years after it began, the labor market has still not recovered. The popular press has highlighted the hardships faced by recent college graduates, but empirical evidence from sociologists and economists suggests that this woe may be misplaced. In fact, college graduates seem to be doing relatively well compared to their less educated peers. However, it is unclear whether college acts as a buffer during tough economic times or whether differences between educational groups are due to selection bias, where the most able both graduate college and obtain good jobs. Using NLSY-97 data and propensity score matching, I test whether causal returns to college are responsive to changes in economic context. Furthermore, I investigate heterogeneity of these effects to test whether college completion is more or less valuable during recessions for different populations. |
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Bibliography Citation
Curry, Matthew K. "How Recessions Affect Returns to College." Presented: New Orleans LA, Population Association of America Annual Meeting, April 2013. |