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 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...

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 develops a novel and tractable empirical approach to estimate the cycle in schooling participation decisions, which we denominate the schooling cycle. The estimation procedure is based on unobserved components time series models that decompose higher education enrollment rates into a...

Studies on the cyclicality of higher education examine the relationship between variations in labor market conditions and changes in enrollment on both the demand and supply side. While the majority of the existing literature implicitly assumes an elastic supply of enrollment, the present study...

This paper evaluates the long-term welfare consequences from experiencing a recession as youths, taking into account the impact on schooling, future job mobility, human capital accumulation, labor supply and wages. The paper also explores the mechanisms that account for lifetime wage changes by...

In this paper, we present new evidence from unobserved components time-series models on the cyclical behavior of the demand for education relative to economic cycles. We investigate the cyclical properties of schooling decisions, the time-varying exposure of these decisions to changes in the...

COVID-19 created major disruptions for young people including health concerns, school closures, reduced social opportunities, and a wilting economy. We examine the effect of COVID-19 on high school completion in the United States. We find that high school completion rates increased considerably...

When students themselves enjoy large degrees of freedom in determining the duration of their studies, it results in a fairly large degree of interindividual variance in terms of time-to-degree. This paper investigates individual time-to-degree in a model where students determine the optimum...

The number of registered apprentices in Canada more than doubled between 1995 and 2007, yet successful completion of apprenticeship programs increased by only about one-third as much. Uncovering the factors related to low completion rates is a necessary first step to ensuring that today’s...