The Effect of Business Cycles on Educational Attainment

Boffy-Ramirez, Ernest; Hansen, Benjamin; Mansour, Hani

doi:10.2139/ssrn.2294146

Cited by 7 publications

(3 citation statements)

References 20 publications

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“…Recessions may increase both property and violent crime rates by reducing the opportunity cost of time spent in connection with criminal activity (including time in jail or prison). On the other hand, school enrollments tend to be countercyclical (since the opportunity cost of attending school falls during recessions when the labor market is weak), and it is possible that youths who are attending school will be less exposed to certain kinds of criminal opportunities than they would be otherwise (Boffy-Ramirez et al, 2010). 2 Criminal opportunities.…”

Section: The Economy's Influence On Crimementioning

confidence: 99%

The Overall Effect of the Business Cycle on Crime

Bushway

Phillips

Cook

2012

German Economic Review

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This paper analyses the 13 business cycles since 1933 to provide evidence on the old question of whether recessions cause crime. Using data from the United States, we find that recessions are consistently associated with an uptick in burglary and robbery, and a reduction in theft of motor vehicles. There is no statistical association with homicide. These patterns are suggestive of the relative importance of the various channels by which economic conditions influence crime.

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Section: The Economy's Influence On Crimementioning

confidence: 99%

The Overall Effect of the Business Cycle on Crime

Bushway

Phillips

Cook

2012

German Economic Review

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“…Kahn (2010) on the other hand provides evidence for small increases in college completion rates for US students linked to high unemployment experienced at age 18. 3 Likewise, Boffy-Ramirez et al (2013) find degree completion to be countercyclical, with increases driven in particular by students in the 60th to 80th ability quantiles.…”

Section: Literature Reviewmentioning

confidence: 99%

Higher education decisions and macroeconomic conditions at age eighteen

Graves

Kuehn

2021

SERIEs

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Using individual data from PIAAC and data on youth unemployment for 18 countries, we test how macroeconomic conditions experienced at age eighteen affect the following decisions in post-secondary and tertiary education: (i) enrollment (ii) dropping-out, (iii) type of degree completed, (iv) area of specialization, and (v) time-to-degree. We also analyze how the effects vary by gender and parental background. Our findings differ across geographies (Anglo-Saxon, Southern European, Western European, and Scandinavian countries), which shows that the impacts of macroeconomic conditions on higher education decisions depend on context, such as labor markets and education systems. By analyzing various components of higher education together, we are able to obtain a clearer picture of how during economic downturns potential mechanisms interact to determine higher education decisions.

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“…We use unemployment rates (Bedard and Herman 2008;Boffy-Ramirez et al 2010) and the S&P 500 Index level (Oyer 2008;Estrella and Mishkin 1998;Chauvet 1998). We obtain unemployment rate data from the Bureau of Labor Statistics and S&P 500 Index data from the US Federal Reserve website.…”

Section: Overviewmentioning

confidence: 99%

Business Cycles, Race, and Investment in Graduate Education

Bogan

Wu²

2018

J Econ Race Policy

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This paper examines how macroeconomic factors influence household decision making with regard to human capital investment. We provide evidence suggestive of a causal relationship between macroeconomic indicators and the decision to pursue graduate education. Overall, we find graduate school enrollment is counter-cyclical with the business cycle and the magnitude of the relationship between macroeconomic indicators and the specific type of graduate school programs varies. In particular, we find differential racial effects of the business cycle on graduate school enrollment. The magnitude of the effects of the business cycle on graduate school enrollment is greater for some under-represented minority groups.

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The Effect of Business Cycles on Educational Attainment

Cited by 7 publications

References 20 publications

The Overall Effect of the Business Cycle on Crime

The Overall Effect of the Business Cycle on Crime

Higher education decisions and macroeconomic conditions at age eighteen

Business Cycles, Race, and Investment in Graduate Education

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