Make your own luck: the wage gains from starting college in a bad economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F23%3A00582616" target="_blank" >RIV/67985998:_____/23:00582616 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/23:00574170
Result on the web
<a href="https://doi.org/10.1016/j.labeco.2023.102411" target="_blank" >https://doi.org/10.1016/j.labeco.2023.102411</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.labeco.2023.102411" target="_blank" >10.1016/j.labeco.2023.102411</a>
Alternative languages
Result language
angličtina
Original language name
Make your own luck: the wage gains from starting college in a bad economy
Original language description
Using data for nearly 40 cohorts of American college graduates and exploiting regional variation in economic conditions, we show robust evidence of a positive relationship between the unemployment rate at the time of college enrollment and subsequent annual earnings, particularly for women. This positive relationship is not driven by selection into employment or by economic conditions at the time of labor market entry. It also cannot be explained by differential sorting into college majors or post-graduate education. Up to one third of the effect is accounted for by sorting towards more remunerative locations. The results are consistent with a behavioral change that induces individuals who experience bad economic times at the beginning of their studies to exert more effort toward obtaining higher paying jobs.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/LX22NPO5101" target="_blank" >LX22NPO5101: The National Institute for Research on the Socioeconomic Impact of Diseases and Systemic Risks</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Labour Economics
ISSN
0927-5371
e-ISSN
1879-1034
Volume of the periodical
84
Issue of the periodical within the volume
October
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
14
Pages from-to
102411
UT code for WoS article
001039383900001
EID of the result in the Scopus database
2-s2.0-85164404344