Sunday, September 9, 2012

The Long-Term Labor Market Consequences of Graduating from College in a Bad Economy



Lisa B. Kahn
Yale School of Management
First Draft: March, 2003
Current Draft: August 13, 2009


This paper studies the labor market experiences of white male college graduates as
a function of economic conditions at time of college graduation. I use the National
Longitudinal Survey of Youth whose respondents graduated from college between 1979
and 1989. I estimate the effects of both national and state economic conditions at
time of college graduation on labor market outcomes for the first two decades of a
career. Because timing and location of college graduation could potentially be affected
by economic conditions, I also instrument for the college unemployment rate using
year of birth (state of residence at an early age for the state analysis).

http://mba.yale.edu/faculty/pdf/kahn_longtermlabor.pdf

So when you were get out of school makes a difference.  I would like to see this data with other races...

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