Labor Market Shocks on College Students and Recent Graduates
Friday, Jan. 6, 2023 2:30 PM - 4:30 PM (CST)
- Chair: Jesse Rothstein, University of California-Berkeley
The Great Recession and the Widening Income Gap Between Alumni of Elite and Less Selective Universities
AbstractUsing mobility report card data, I show the income gap between alumni of elite and less selective universities widened for cohorts graduating during the Great Recession. This gap widens for students with top-income-quintile parents, and less systematically for lower-income students. I evaluate potential mechanisms, including student characteristics that may be correlated with resilience. Using a unique dataset of recruiting strategies for prestigious firms, I highlight one channel through which university selectivity may have a causal impact: high-wage firms concentrated their recruiting at elite universities during the recession. The results are informative for policies increasing lower-income students' representation at selective universities.
Limited Supply and Lagging Enrollment: Production Technologies and Enrollment Changes at Community Colleges during the Pandemic
AbstractWeak labor markets typically lead young workers to invest in skills. High unemployment during COVID diverged from prior downturns: enrollment at community colleges dropped by 9.5 percent between 2019 and 2020, with the drop larger among men. COVID disruptions generated supply-side impacts on courses of study requiring significant capital and "hands on" experiential learning, particularly programs that deliver of assembly, repair and maintenance (ARM) skills. Community colleges that had relative concentrations of credentials in ARM fields pre-pandemic experienced relatively large enrollment declines. The decline in ARM enrollment explains nearly all the difference in enrollment declines by gender during COVID.
Joseph G. Altonji,
Celeste K. Carruthers,
University of Tennessee
- J2 - Demand and Supply of Labor
- J4 - Particular Labor Markets