Leaving school in an economic downturn and self-esteem across early and middle adulthood
Johanna Maclean and
Terrence Hill ()
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Terrence Hill: Department of Sociology, The University of Utah
No 1505, DETU Working Papers from Department of Economics, Temple University
In this study we test whether leaving school in an economic downturn impacts self-esteem. Self-esteem is an important dimension of non-cognitive skill that economists have recently begun to examine. Previous work documents that leaving school in a downturn persistently depresses career outcomes, and career success is an important determinant of self-esteem. We model responses to the Rosenberg Self-esteem Scale as a function of the state unemployment rate at school-leaving. We address the potential endogeneity of time and location of school- leaving with instrumental variables. Our results suggest that leaving school in an economic downturn lowers self-esteem men but effects do not emerge until middle adulthood, and are particularly strong for white and high skill men.
Keywords: self-esteem; non-cognitive skills; school-leaving; macroeconomic fluctuations (search for similar items in EconPapers)
JEL-codes: I1 I12 J2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lma, nep-neu and nep-ure
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http://www.cla.temple.edu/RePEc/documents/DETU_15_05.pdf First version, 2015 (application/pdf)
Journal Article: Leaving school in an economic downturn and self-esteem across early and middle adulthood (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:tem:wpaper:1505
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