Does Enrollment Lead to Completion?
研究当地劳动力市场负面冲击（如国际贸易冲击）对高中入学率和毕业率的影响，发现入学率上升但毕业率未同步增长，原因包括年轻人外迁和学位获取时间变化。
<h3>ABSTRACT</h3> Adverse local labor market shocks such as those generated by exposure of local industries to international trade have impacts on high school enrollment and completion that are theoretically ambiguous. Incentives to stay in school increase when employment prospects are weak, yet public resources for local schools may also shrink. This work demonstrates that, while high school enrollment rates increase significantly, high school degree attainment does not show commensurate growth. “Outmigration” of young adults and changes in the timing of degree receipt reconcile these measures. In addition, high school attainment effects are likely attenuated by declines in local resources per student.