Leaving school in an economic downturn and self-esteem across early and middle adulthood

Johanna Catherine Maclean, Terrence Hill

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

In this study, we test whether leaving school in an economic downturn impacts self-esteem across early and middle adulthood. Self-esteem is of interest to economists because it is an established determinant of important socioeconomic outcomes such as wages, crime, marriage, health, and civic engagement. Previous research suggests that leaving school in a downturn can depress career trajectories, and social psychological theory predicts that career success is an important determinant of self-esteem. We model responses to a standard measure of self-esteem (the Rosenberg Self-esteem Scale) as a function of the state unemployment rate at school-leaving. We address the potential endogeneity of time and location of school-leaving with instrumental variables. Our results suggest that leaving school in an economic downturn can undermine self-esteem over time.

Original languageEnglish (US)
Pages (from-to)1-12
Number of pages12
JournalLabour Economics
Volume37
DOIs
StatePublished - Dec 1 2015

Keywords

  • Macroeconomic fluctuations
  • Non-cognitive skills
  • School-leaving
  • Self-esteem

ASJC Scopus subject areas

  • Economics and Econometrics
  • Organizational Behavior and Human Resource Management

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