Childcare over the Business Cycle

• 成果类型: Article
• 署名作者: Brown, Jessica H.; Herbst, Chris M.
• 署名单位: University of South Carolina System; University of South Carolina Columbia; Arizona State University; Arizona State University-Tempe; IZA Institute Labor Economics
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/718189
• 发表日期: 2022
• 页码: S429-S468
• 关键词: labor-markets; QUALITY; subsidies; education; IMPACT; determinants; EMPLOYMENT; demand; COSTS; work

摘要

We estimate the impact of macroeconomic conditions on the child-care market. We find that the industry is substantially more exposed to the business cycle than other low-wage industries and responds more strongly to negative shocks than positive ones. Indeed, childcare employment requires more time to recover than the rest of the economy. Although the reduction in supply may pose difficulties for parents, we find evidence that center quality is countercyclical. When unemployment rates are higher, childcare workers have on average higher levels of education and experience, turnover rates are lower, and consumer reviews on Yelp are higher.