Počet záznamů: 1  

Make your own luck: the wage gains from starting college in a bad economy

  1. 1.
    0574919 - NHÚ 2024 DE eng V - Výzkumná zpráva
    Bičáková, Alena - Cortes, G. M. - Mazza, J.
    Make your own luck: the wage gains from starting college in a bad economy.
    Bonn: IZA, 2023. 35 s. IZA discussion paper series, 16087. ISSN 2365-9793
    Institucionální podpora: RVO:67985998
    Klíčová slova: business cycle * higher education * cohort effects
    Obor OECD: Applied Economics, Econometrics
    https://www.iza.org/publications/dp/16087/make-your-own-luck-the-wage-gains-from-starting-college-in-a-bad-economy

    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 is not driven by selection into employment or by economic conditions at the time of labor market entry. It also cannot be explained by differential sorting into college majors or post-graduate education. Up to one third of the effect is accounted for by sorting towards more remunerative locations. The results are consistent with a behavioral change that induces individuals who experience bad economic times at the beginning of their studies to exert more effort toward obtaining higher paying jobs.
    Trvalý link: https://hdl.handle.net/11104/0344838

     
     
Počet záznamů: 1  

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