Who Scars the Easiest? College Quality and the Effects of Graduating into a Recession

Garrett Anstreicher and Lois Miller

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: Graduating from college into a recession is associated with earnings losses, but less is known about how these effects vary across colleges. Using restricted-use data from the National Survey of College Graduates, we study how the effects of graduating into worse economic conditions vary over college quality in the context of the Great Recession. We find that earnings losses are concentrated among graduates from relatively high-quality colleges. Key mechanisms include substitution out of the labor force and into graduate school, decreased graduate degree completion, and differences in the economic stability of fields of study between graduates of high- and low-quality colleges.

Date: 2024-09
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https://www2.census.gov/library/working-papers/2024/adrm/ces/CES-WP-24-47.pdf First version, 2024 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:24-47

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