A conventional argument in the child-labour debate is that improvements in access to schools are an effective way to reduce the labour force participation of children. It is argued that schooling competes with economic activity in the use of children's time, and enhanced access to schools,...

Using data from the National Longitudinal Survey of Youth (NLSY), this paper investigates the effect of plausible credit constraints on the cyclicality of teen college enrolments. It is found that teens from wealthier families are more likely to attend college in regional recessions. However,...