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Abstract: A decade after the Great Recession, the major news media often reports continuing America's long economic malaise and the statistics proves that people especially with low-income have not gotten out of the slow recovery of the labor market. This paper studies how economic conditions affect newly graduated high school students and how long would the effect last on their incomes, employment ... read morestatus and educational attainment differently based on family income background. I verify the existence of the persistent effect of economic conditions using two-stage least squares (2SLS) regression analysis using samples from the National Longitudinal Survey of Youth. I measure the "scarring effect" of economic conditions at the year of high school graduation on hourly wage rates of males who are from low-income households in the long run, and on extensive margin and college enrollment of low-income females within 5 years after high school graduation.
Thesis (M.S.)--Tufts University, 2017.
Submitted to the Dept. of Economics.
Advisor: Jeffrey Zabel.
Committee: Melissa McInerney.
Keywords: Economics, and Labor economics.read less