In this study I examine the impact of fluctuations in the unemployment rate before high school graduation on educational attainment measured 30 years later. I find evidence that educational attainment is countercyclical, as found in other studies, but also find that the impact of the...

In this study I examine the impact of fluctuations in the unemployment rate before high school graduation on educational attainment measured 30 years later. I find evidence that educational attainment is countercyclical, as found in other studies, but also find that the impact of the...

This paper studies the impact of fluctuations in unemployment rates before high school graduation, at age 17, on educational attainment. We hypothesize that schooling decisions are counter-cyclical, but that the impact of higher unemployment rates varies over the ability distribution, as...