Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232800 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14048
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
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, child care 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, child care workers have on average higher levels of education and experience, turnover rates are lower, and consumer reviews on Yelp.com are higher.
Subjects: 
child care
early childhood education
business cycles
JEL: 
J13
J21
E32
J24
Document Type: 
Working Paper

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