Educational attainment and recovery from recessions across metropolitan areas

Bryan Bezold

Regional Economic Development, 2007, issue Nov, 43-52

Abstract: Metropolitan area business cycles vary considerably in both magnitude and duration. Some metro areas recover rapidly from downtowns, some take longer, and some never recover. Because recent recessions have involved employment changes at the North American Industrial Classification System (NAICS) supersector level that were both cyclical and structural, part of a metro area's recovery from a recession may include the process of workers adapting to new jobs in other industries. If worker adaptation is part of the recovery process, then metro areas with higher educational levels might be able to recover more quickly from recessions. This hypothesis is tested with multiple regression models of the 1990 and 2001 recessions. There is a significant and negative link between college attainment and the time it took for metropolitan areas to recover from the 2001 recession, but not from the 1990 recession.

Keywords: Metropolitan areas - Statistics; Education - Economic aspects; Business cycles (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://research.stlouisfed.org/publications/red/2007/02/Bezold.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrd:y:2007:i:nov:p:43-52:n:v.3no.2

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Regional Economic Development from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().