From 1994 to 2001 young people increasingly took full-time jobs, but following the recession of 2001, the trend reversed completely. Over the past few years, the trend is swinging back as more young people are employed full-time, but levels are still below what they were before the Great Recession and much lower than they were before the 2001 recession.
Today’s CEPR Blog by Brian Dew, examines school enrollment and labor markets to understand better how the economy influences work trends for young people 19 to 24 since 2001.
Dew finds young people increasingly chose school over full-time jobs from 2001 to 2013. At least some portion of school enrollment was motivated by the poor quality of the labor market during those years. It remains to be seen whether the current labor market will continue to tighten and how that will impact the full-time employment and school enrollment trends among younger people.