Parental Job Loss and Children's Long-Term Outcomes: Evidence from 7 Million Fathers' Layoffs

被引：61
|
作者：
Hilger, Nathaniel G. [1 ,2 ]
机构：
[1] Brown Univ, Dept Econ, 64 Waterman St, Providence, RI 02906 USA
[2] NBER, Cambridge, MA 02138 USA
来源：
AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS | 2016年 / 8卷 / 03期
基金：
美国国家科学基金会;
关键词：
LIQUIDITY CONSTRAINTS; BORROWING CONSTRAINTS; CREDIT CONSTRAINTS; HOUSING WEALTH; CONSUMPTION; EARNINGS; EDUCATION; IMPACT; INCOME;
D O I：
10.1257/app.20150295
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
How do parental layoffs and their large attendant income losses affect children's long-term outcomes? This question has proven difficult to answer due to the endogeneity of parental layoffs. I overcome this problem by exploiting the timing of 7 million fathers' layoffs when children are age 12-29 in administrative data for the United States. Layoffs dramatically reduce family income but only slightly reduce college enrollment, college quality, and early career earnings. These effects are consistent with a weak estimated propensity to spend on college out of marginal parental income. I find that larger effects based on firm closures stem from selection.
引用
收藏
页码：247 / 283
页数：37
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