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Title: The Effects of Graduating from College During a Recession on Living Standards
Resulting in 1 citation.
1. Kawaguchi, Daiji
Kondo, Ayako
The Effects of Graduating from College During a Recession on Living Standards
Economic Inquiry 58,1 (January 2020): 283-293.
Also: https://onlinelibrary.wiley.com/doi/10.1111/ecin.12835
Cohort(s): NLSY79
Publisher: Wiley Online
Keyword(s): Assets; College Graduates; Economic Changes/Recession; Family Formation; Geocoded Data; Home Ownership; Labor Market Outcomes; Mobility; Unemployment Rate, Regional

Permission to reprint the abstract has not been received from the publisher.

Graduating from college during a recession has persistent negative effects on labor‐market outcomes. This study assesses the welfare impact of a recession at entry by analyzing family formation behaviors and asset holdings. Scrutiny of the National Longitudinal Survey of Youth 1979 (NLSY79) reveals that despite a decline in hourly wages, business cycle conditions at entry to the labor market do not affect family formation, car or home ownership, or net asset holdings in the long run. Evidence suggests that individuals who graduate in bad times tend to move to states with lower living costs to secure living standards.
Bibliography Citation
Kawaguchi, Daiji and Ayako Kondo. "The Effects of Graduating from College During a Recession on Living Standards." Economic Inquiry 58,1 (January 2020): 283-293.