Econ Papers Daily / 期刊论文
大规模经济衰退对高等教育及早期劳动力市场结果的影响
The Effects of Exposure to a Large-Scale Recession on Higher Education and Early Labor Market Outcomes
摘要
This study examines the effects of timing of exposure to the Asian financial crisis on higher education and early labor market outcomes. We estimate a generalized difference-in-differences model exploiting variation in age at exposure and regional severity of the recession in South Korea. Using the Census and Youth Panel data, we find that individuals from hard-hit regions are less likely to attain a college education, 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.
中文摘要
本研究探讨了亚洲金融危机暴露时机对高等教育及早期劳动力市场结果的影响。我们采用广义双重差分模型，利用韩国经济衰退期间暴露年龄与地区严重程度的差异进行分析。基于人口普查与青年面板数据，我们发现，来自受冲击严重地区的个体相较于同队列中的同龄人，更不可能获得大学教育，倾向于从人文学科转向STEM专业，并且初始工作质量较低。这些效应在较年轻时期经历经济衰退的个体中更为显著。