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

Alena Bičáková, Guido Matias Cortes and Jacopo Mazza

Working Paper series from Rimini Centre for Economic Analysis

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 field 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: E32 I23 J24 J31 (search for similar items in EconPapers)
Date: 2018-07
New Economics Papers: this item is included in nep-lma and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://rcea.org/RePEc/pdf/wp18-32.pdf

Related works:
Journal Article: Caught in the Cycle: Economic Conditions at Enrolment and Labour Market Outcomes of College Graduates (2021)
Working Paper: Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates (2020)
Working Paper: Caught in the cycle: Economic conditions at enrollment and labor market outcomes of college graduates (2020)
Working Paper: Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:18-32

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