HKS Affiliated Authors
Otto Eckstein Professor of Applied Economics, FAS
Excerpt
Excerpt
When Does Education Matter? The Protective Effect of Education for Cohorts Graduating in Bad Times. David Cutler, May 1, 2014, Paper. “Using Eurobarometer data, we document large variation across European countries in education gradients in income, self-reported health, life satisfaction, obesity, smoking and drinking. While this variation has been documented previously, the reasons why the effect of education on income, health and health behaviors varies is not well understood. We build on previous literature documenting that cohorts graduating in bad times have lower wages...” Link