EconPapers    
Economics at your fingertips  
 

Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates

Alena Bičáková, Guido Matias Cortes () and Jacopo Mazza ()

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: We find robust evidence that cohorts of graduates who enter college during worse economic times earn higher average wages than those who enter during better times. This difference is not explained by differences in economic conditions at the time of college graduation, changes in _eld of study composition, or changes in selection into occupations or industries. Cohorts who start college in bad times are not more positively selected based on their high-school outcomes, but they graduate with higher college grades, and earn higher wages conditional on their grades. Our results suggest that these cohorts exert more effort during their studies.

Keywords: business cycle; higher education; cohort effects (search for similar items in EconPapers)
JEL-codes: I23 J24 J31 E32 (search for similar items in EconPapers)
Date: 2018-07
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.cerge-ei.cz/pdf/wp/Wp622.pdf (application/pdf)

Related works:
Working Paper: Caught in the cycle: Economic conditions at enrollment and labor market outcomes of college graduates (2020) Downloads
Working Paper: Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates (2018) Downloads
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:cer:papers:wp622

Access Statistics for this paper

More papers in CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague Contact information at EDIRC.
Bibliographic data for series maintained by Jana Koudelkova ().

 
Page updated 2020-07-09
Handle: RePEc:cer:papers:wp622