Discussion Paper

Did the Value of a College Degree Decline during the Great Recession?

Abstract: The authors have previously explored the impact of choices regarding school and major on employment, earnings, and upward economic mobility. In this post they extend their work with an investigation into whether these labor market effects were preserved across the last business cycle: Did students with certain types of educational attainment weather the recession better?

Keywords: Earnings; Employment; Recession; Economic mobility; Boom; Bust; Inequality;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2019-07-10

Number: 20190710