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...

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...

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...

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...

The EU experience with youth unemployment has changed over recent years with the launchand re-launch of the Lisbon Strategy and the Bologna process. A dramatic shift has takenplace from the 1990s emphasis on labour market flexibility as a tool to abate youth long termunemployment to the more...

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...

There have been large increases in two-year, four-year public and four-year private college enrollment since the start of the Great Recession — slightly larger than expected based on the historical relationships between unemployment and enrollment, and significantly larger than expected if the...