Did the value of a college degree decline during the Great Recession?

July 16, 2019 | Federal Reserve Bank of New York

In an earlier post, we studied how educational attainment affects labor market outcomes and earnings inequality. In this post, we investigate whether these labor market effects were preserved across the last business cycle: Did students with certain types of educational attainment weather the recession better?

Focusing on students’ labor market outcomes during 2003-14 (a period that spans both a boom and a bust), we hope to answer the following questions.

Read more