Childcare over the Business Cycle
研究发现儿童保育行业比其它低薪行业更易受经济周期影响，且对负面冲击反应更强；失业率高时保育员素质更高、流动率更低，服务质量反而上升。
We estimate the impact of macroeconomic conditions on the childcare 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.