Effects of Recession on Higher Education and Early Labor Market Outcomes

May 6, 2024: Effects of Recession on Higher Education and Early Labor Market Outcomes
Eleanor Jawon Choi of Hanyang University will present the effects of recession on higher education and early labor market outcomes. This study examines the effects of timing of exposure to the Asian financial crisis on higher education and early labor market outcomes. Using data from the Census and Youth Panel, we find that individuals from hard-hit regions are less likely to graduate from college, tend to shift away from humanities to STEM majors, and have lower-quality first jobs than their peers in the same cohort. These effects are more pronounced among individuals who experienced the recession at younger ages.
This virtual public lecture series is organized by Seoul National University and the Korea-Pacific Program at the UC San Diego School of Global Policy and Strategy.