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Title: Macro-economic Effects on Educational Reenrollment: Human Capital Catch-Up or Acquired Risk Aversion?
Resulting in 1 citation.
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Witteveen, Dirk |
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Macro-economic Effects on Educational Reenrollment: Human Capital Catch-Up or Acquired Risk Aversion? Presented: Philadelphia PA, American Sociological Association Annual Meeting, August 2018 Cohort(s): NLSY97 Publisher: American Sociological Association Keyword(s): College Enrollment; Economic Changes/Recession Permission to reprint the abstract has not been received from the publisher. Studies have found a range of individual-level effects on either higher or lower likelihoods of educational reenrollment, such as social origin, age, gender, race, and family formation. However, forces applicable to the early career phase have remained understudied in relation to reenrollment patterns. Using data from the National Longitudinal Study of Youth 1997, this study reveals the impact of the macro-economic climate upon labor market entry on educational reenrollment, adjusted for individual-level background factors. Confirming human capital theory, we find that high school graduates and college dropouts are more likely to reenroll if unemployment rises. Yet contrary to the idea of educational refreshing or updating, both lower- and higher-educated individuals are less likely to return to the educational system if they entered a recessionary labor market. This is explained by an (acquired) risk aversion mechanism. |
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Bibliography Citation
Witteveen, Dirk. "Macro-economic Effects on Educational Reenrollment: Human Capital Catch-Up or Acquired Risk Aversion?" Presented: Philadelphia PA, American Sociological Association Annual Meeting, August 2018. |