Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/295773 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 16750
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This paper investigates the effect of a major economic recession on the educational attainment of the next generation. Our analysis is based on nationwide longitudinal registry data on Finland. We focus on the heterogenous effects of the recession on households of different socioeconomic statuses. We find that the effects of the early 1990s recession on the educational attainment of the next generation were more severe for children with nontertiary-educated parents than those with tertiary-educated parents, implying that the recession aggravated the pattern of societal inequality in Finland. Importantly, the deterioration of the home environment was the primary mechanism through which the recession adversely affected the educational attainment of the next generation.
Subjects: 
early-life events
parental socioeconomic status
intergenerational effects
education
family dissolution
Finland
JEL: 
I24
J12
O15
Document Type: 
Working Paper

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