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The upside of down: postsecondary enrollment in the Great Recession

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  • Lisa Barrow
  • Jonathan Davis

Abstract

There have been large increases in two-year, four-year public, and four-year private college enrollment since the start of the Great Recession?slightly larger than expected based on the historical relationships between unemployment and enrollment, and significantly larger than expected if the unemployment rate had remained at 2007 levels. The increased enrollment may lead to a net lifetime benefit of roughly $3.3 billion overall, or $1,500 for each person who enrolled.

Suggested Citation

  • Lisa Barrow & Jonathan Davis, 2012. "The upside of down: postsecondary enrollment in the Great Recession," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 36(Q IV), pages 117-129.
    • Handle: RePEc:fip:fedhep:y:2012:i:qiv:p:117-129:n:v.36no.4
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    Citations

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    Cited by:

    1. Minaya, Veronica & Moore, Brendan & Scott-Clayton, Judith, 2023. "The effect of job displacement on public college enrollment: Evidence from Ohio," Economics of Education Review, Elsevier, vol. 92(C).
    2. Veronica Minaya & Brendan Moore & Judith Scott-Clayton, 2020. "The Effect of Job Displacement on College Enrollment: Evidence from Ohio," NBER Working Papers 27694, National Bureau of Economic Research, Inc.
    3. Phillip B. Levine & Jennifer Ma & Lauren C. Russell, 2023. "Do College Applicants Respond to Changes in Sticker Prices Even When They Don't Matter?," Education Finance and Policy, MIT Press, vol. 18(3), pages 365-394, Summer.
    4. Canyon Bosler & Mary C. Daly & John G. Fernald & Bart Hobijn, 2017. "The Outlook for US Labor-Quality Growth," NBER Chapters, in: Education, Skills, and Technical Change: Implications for Future US GDP Growth, pages 61-110, National Bureau of Economic Research, Inc.
    5. Kam C. Chan & Samuel Chang & Jean C. Snavely, 2022. "Effects of financial literacy on graduate school attitudes amidst COVID‐19," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2003-2015, September.
    6. Elizabeth B. Clelan & Michael S. Kofoed, 2017. "The Effect Of The Business Cycle On Freshman Financial Aid," Contemporary Economic Policy, Western Economic Association International, vol. 35(2), pages 253-268, April.
    7. Stratton, Leslie S., 2017. "Housing Prices, Unemployment Rates, Disadvantage, and Progress toward a Degree," IZA Discussion Papers 10941, Institute of Labor Economics (IZA).
    8. Bruce D. Meyer & Wallace K. C. Mok & James X. Sullivan, 2015. "Household Surveys in Crisis," Journal of Economic Perspectives, American Economic Association, vol. 29(4), pages 199-226, Fall.
    9. Andrew Foote & Michel Grosz, 2020. "The Effect of Local Labor Market Downturns on Postsecondary Enrollment and Program Choice," Education Finance and Policy, MIT Press, vol. 15(4), pages 593-622, Fall.

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