Labor Market Effects on High School Graduation Rates in the US
Jiho Wu ’20, Seoul, South Korea
Majors: Quantitative Economics; Studio Art
Olivia Brimacombe ’20, London, UK
Major: International Political Economics
Minor: Chinese (Mandarin)
Do lower unemployment rates and higher minimum wages decrease the high school graduation rate? We analyze how high school graduation rate is affected by the labor market, economy, education policy and expenditure, legislature control, and population composition with a state fixed-effects model. Our results provide no support that better labor market conditions influence students’ decision to drop out and work.