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Title: The Impact of Macroeconomic Conditions in Childhood on Adult Labor Market Outcomes

Citation Type: Miscellaneous

Publication Year: 2013

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Abstract: This paper analyzes the influence of business cycles in childhood on economic performance later in life. First, I relate unemployment rates between the year before one’s birth and the year of one’s fifteenth birthday to schooling, employment, and income as an adult. Next, I study how the background characteristics of parents raising children vary with the state of the macroeconomy. Finally, I document the impact of economic fluctuations on home environments and parenting behaviors. The average unemployment rate in childhood normally has a negative effect on parental investments in offspring and the stock of human capital in adulthood.

Url: https://www.sole-jole.org/14031.pdf

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Authors: Rao, Neel

Publisher: University at Buffalo, SUNY

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

Countries: United States