The Upside of Down: Postsecondary Enrollment in the Great Recession

13 Pages Posted: 28 Jan 2014

See all articles by Lisa Barrow

Lisa Barrow

Federal Reserve Bank of Chicago

Jonathan M. V. Davis

Federal Reserve Bank of Chicago

Date Written: October 30, 2012

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.

Keywords: unemployment, education, postsecondary enrollment, schooling

JEL Classification: I2, J1, J2

Suggested Citation

Barrow, Lisa and Davis, Jonathan M. V., The Upside of Down: Postsecondary Enrollment in the Great Recession (October 30, 2012). Economic Perspectives, Vol. 36, No. 4, 2012, Available at SSRN: https://ssrn.com/abstract=2386168

Lisa Barrow (Contact Author)

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States
312-322-5073 (Phone)
312-322-2357 (Fax)

Jonathan M. V. Davis

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States

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