Ost, Ben; Pan, Weixiang; Webber, Douglas A. - 2016
college students linked to matched firm-worker data on earnings, we examine how layoff affects the educational outcomes of … working college students. Theoretically, layoff decreases the opportunity cost of college enrollment, but it could also make … financing one's education more difficult, so the net effect is ambiguous. We find that layoff leads to a considerable reduction …