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On the cyclicality of schooling: theory and evidence Author info | Abstract | Publisher info | Download info | Related research | Statistics Harris Dellas
Plutarchos Sakellaris
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Economic theory indicates that opportunity- cost considerations tend to make schooling countercyclical whereas ability-to-pay considerations have the opposite effect. We examine the college enrollment decisions of individuals in the US using the Current Population Survey and find that their propensity to enroll is countercyclical. There seems to be significant substitution during the business cycle between human capital investment and competing economic activities. Copyright 2003, Oxford University Press.
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Article provided by Oxford University Press in its journal Oxford Economic Papers .
Volume (Year): 55 (2003)
Issue (Month): 1 (January)
Pages: 148-172
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Handle: RePEc:oup:oxecpp:v:55:y:2003:i:1:p:148-172Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Fax: 01865 267 985 Email: Web page: http://oep.oupjournals.org/
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Stuart J. Fowler & Eric R. Young, 2004.
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Gallice, Andrea, 2007.
"Education, Dynamic Signaling and Social Distance ,"
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