| Tekijä: | Dellas, H. Sakellaris, P. |
| Otsikko: | On the cyclicality of schooling: Theory and evidence |
| Lehti: | Oxford Economic Papers
2003 : JAN, VOL. 55:1, p. 148-172 |
| Asiasana: | Business cycles Higher education Economic theory Models USA |
| Kieli: | eng |
| Tiivistelmä: | Economic theory indicates that opportunity cost considerations tend to make schooling counter-cyclical whereas ability-to-pay considerations have the opposite effect. College enrollment decisions of individuals in the U.S. using the Current Population Survey are examined. It is found that their propensity to enroll is countercyclical. There seems to be significant substitution during the business cycle btw. human capital investment and competing economic activities. |
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