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Educational Attainment and the Cyclical Sensitivity of Employment

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  • Jefferson, Philip N
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    Abstract

    This article examines whether there are educational premiums on the quantity side of the labor market. We document four findings: (1) Trend employment patterns shifted for most educational levels post-1977; (2) the lower the level of educational attainment, the more volatile the employment ratio; (3) the volatility of employment for female high school dropouts increased over time even as the economy became less volatile; and (4) since 1984, the responses of skilled and unskilled employment to the business cycle have become more alike. This latter finding is consistent with a reduced degree of capital-skill complementarity during this period.

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    File URL: http://pubs.amstat.org/doi/abs/10.1198/073500108000000060
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    Bibliographic Info

    Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

    Volume (Year): 26 (2008)
    Issue (Month): ()
    Pages: 526-535

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    Handle: RePEc:bes:jnlbes:v:26:y:2008:p:526-535

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    Cited by:
    1. Queneau, Hervé & Sen, Amit, 2012. "On the structure of US unemployment disaggregated by race, ethnicity, and gender," Economics Letters, Elsevier, vol. 117(1), pages 91-95.

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