For Some, Luck Matters More:  the Impact of the Great Recession on the Early Careers of Graduates from Different Socio-Economic Backgrounds

Bono, Emilia Del; Morando, Greta

doi:10.2139/ssrn.3892568

Cited by 1 publication

(1 citation statement)

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“…Future work should further examine employment changes through which income shocks affect child development, such as by using the household's self‐reported information and the aggregate impact by employment industry or occupation (Bono and Morando, 2021; Briody et al, 2020). This analysis would be useful for better understanding which types of economic shocks are most harmful for child development, and which families are most affected.…”

Section: Discussionmentioning

confidence: 99%

The Great Recession, Household Income, and Children's Test Scores

McGovern

Rokicki

2022

Review of Income and Wealth

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Economic downturns may have important implications for the educational attainment and human capital accumulation of children. We examine how income losses during the Great Recession were associated with children's educational performance in Ireland, one of the countries most severely affected by the global financial crisis. Using longitudinal data from a nationally representative child cohort study, collected before and after the recession at ages 9 and 13 years, we estimate panel models to examine the impact of income changes on standardized tests. We explore both objective and subjective measures of recession impact, and investigate non‐linearities and effect heterogeneity using quantile regression. While income is strongly associated with educational performance overall, there is little evidence of a short‐run negative impact of income shocks during the Great Recession on children's test scores.

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Section: Discussionmentioning

confidence: 99%