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).

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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