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The Kindergarten/Business Cycle Connection

Turns out kindergarten-ers get socked by the business cycle too:

This study examines the impact of the business cycle on the timing of enrollment. I find that during economic downturns kindergarten enrollment increases. To explore a potential mechanism through which this effect may arise, I propose an instrumental variables approach to identify the causal effect of fluctuations in household resources due to the business cycle on the timing of kindergarten enrollment.

[via SSRN]

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