Parental Job Loss, Income Shocks and the Education Enrolment of Youth

No 1060, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: Parental job loss from layoffs and business failures that occur when youth complete high school completion are found to be negatively correlated with enrolment at university and community college. Estimates from a year-to-year education transition model using longitudinal data on youth and their parents are employed to identify both immediate and lagged effects of parental job loss on education transitions. It is argued that these results can be interpreted as evidence of a potential causal effect of parental income on youth education attainment, as job losses are likely to have persistent and exogenous negative effects on parental income.

Keywords: Education; human capital; job loss; income shocks; causal effect (search for similar items in EconPapers)
JEL-codes: I29 I39 J63 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2009
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:1060

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