Nuremberg Research Seminar in Economics on 18 October 2023 – LG 4.154 (!!)
You are invited to join the weekly Nuremberg Research Seminar in Economics on 18 October 2023, from 13.15 to 14.45 pm. The seminar will be held in room LG 4.154. Sandra McNally (University of Surrey) will be talking about „Young people, human capital investment and the Great Recession”.
More information can be found here:
Young people are particularly badly hit by recessions in terms of employment opportunities. But to what extent do they invest in human capital as a reaction to this? And do they use education primarily as a way of shielding themselves from unemployment or do they acquire knowledge and skills that are useful for the future? We evaluate these questions in England during the time of the Great Recession. We compare those on the cusp of their post-compulsory education to those who had already passed that point in their lives before the recession arrived. We also use variation in the severity of the Great Recession across different areas to identify effects. Our results suggest an effect on enrolment that translates into higher levels of achievement in vocational qualifications, and to enrolment in higher education for those of higher prior ability. We also show that younger cohorts fare relatively better in terms of early labour market outcomes.