Time-to-degree and the business cycle
AbstractThis paper presents the results of an empirical investigation trying to explain individual time-to-degree variances with business cycle fluctuations. Assuming that students determine the optimum study length at university weighing up the cost of an additional semester against the consumption benefit of studying and not yet working, the general economic environment during the study period should, in turn, influence the individual time-to-degree through changes in the cost level and the consumption benefit of an additional semester. The investigation, using a representative data-set based on Swiss university graduates from 1981 to 2001, shows that changes in the unemployment rate have a significant impact on individual time-to-degree.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Education Economics.
Volume (Year): 18 (2010)
Issue (Month): 1 ()
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Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=104532
Other versions of this item:
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- I2 - Health, Education, and Welfare - - Education
- I23 - Health, Education, and Welfare - - Education - - - Higher Education and Research Institutions
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