Higher education decisions and macroeconomic conditions at age eighteen
EntityUAM. Departamento de Análisis Económico, Teoría Económica e Historia Económica; UAM. Departamento de Economía y Hacienda Pública
10.1007/s13209-021-00252-6Series-Journal Of The Spanish Economic Association (2021): 1-71
ISSN1869-4187 (print); 1869-4195 (online)
Funded byFinancial support from the Spanish Ministry of Science and Innovation (Grants: ECO2017-82882-R and PID2020-112739GA-I00)
ProjectGobierno de España. ECO2017-82882-R; Gobierno de España. PID2020-112739GA-I00
SubjectsHigher education decisions; Macroeconomic conditions; PIAAC; Labor-market; Economía
Rights© The Author(s)
Esta obra está bajo una Licencia Creative Commons Atribución 4.0 Internacional.
Using individual data from PIAAC and data on youth unemployment for 18 countries, we test how macroeconomic conditions experienced at age eighteen affect the following decisions in post-secondary and tertiary education: (i) enrollment (ii) dropping-out, (iii) type of degree completed, (iv) area of specialization, and (v) time-to-degree. We also analyze how the effects vary by gender and parental background. Our findings differ across geographies (Anglo-Saxon, Southern European, Western European, and Scandinavian countries), which shows that the impacts of macroeconomic conditions on higher education decisions depend on context, such as labor markets and education systems. By analyzing various components of higher education together, we are able to obtain a clearer picture of how during economic downturns potential mechanisms interact to determine higher education decisions
Google Scholar:Graves, Jennifer Anne - Kuhn, Zoe
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