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

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

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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.

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