Does leaving education in a recession have a lasting impact on living standards

Document type
Working Paper
Author(s)
Cribb, Jonathan; Hood, Andrew; Joyce, Robert
Publisher
Institute for Fiscal Studies
Date of publication
30 November 2017
Series
IFS Working Paper; W17/27
Subject(s)
Social Policy, Education and Skills, Employment, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

Download (321KB )

This short note summarises the results of new IFS research, which estimates the effects of entering the labour market when the economy is weak. As set out in detail in the full working paper, it uses data from the Family Expenditure Survey and the Family Resources Survey spanning the last 40 years (almost 200,000 people) to effectively compare the outcomes of individuals who entered the labour market at similar times but nevertheless faced different initial economic conditions due to sharp swings in the economic cycle.

More from Social welfare collection

Related to Social Policy

Living standards: recent trends and future challenges

This briefing note examines what has been happening to living standards and unpicks the main reasons for these trends. It looks both at living standards on average and at the considerable variation

The living standards audit 2017

This report provides a comprehensive look at living standards in UK households in the year leading up to the 2017 general election

Living standards during previous recessions

This briefing note aims to document the course of average living standards, and those of particular sub-groups in society, during the course of three previous recessions in the UK: mid-1970s, early

City living: devolution and the living standards challenge

This report investigates living standards across Britain's major city regions with a focus on labour market performance. It looks primarily at twelve city regions: London; the city regions of the eight

More items related to this subject