Number of the records: 1
Make your own luck: the wage gains from starting college in a bad economy
- 1.
SYSNO ASEP 0582616 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Make your own luck: the wage gains from starting college in a bad economy Author(s) Bičáková, Alena (NHU-N) RID
Cortes, G. M. (CA)
Mazza, J. (GB)Article number 102411 Source Title Labour Economics. - : Elsevier - ISSN 0927-5371
Roč. 84, October (2023)Number of pages 14 s. Language eng - English Country NL - Netherlands Keywords business cycle ; higher education ; cohort effects OECD category Applied Economics, Econometrics Method of publishing Open access Institutional support NHU-N - RVO:67985998 UT WOS 001039383900001 EID SCOPUS 85164404344 DOI 10.1016/j.labeco.2023.102411 Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2024 Electronic address https://doi.org/10.1016/j.labeco.2023.102411
Number of the records: 1