Details
| Original language | English |
|---|---|
| Number of pages | 46 |
| Journal | IZA Discussion papers |
| Early online date | 25 May 2022 |
| Publication status | Published - 2022 |
Abstract
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In: IZA Discussion papers, 2022.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - The Financial Situation of Students During the COVID-19 Pandemic
AU - Meier, D.H.
AU - Thomsen, S.L.
AU - Trunzer, J.
N1 - Many university students depend on employment during their studies. The closing of universities and the loss of many typical student jobs during the COVID-19 pandemic particularly affected their situation. Based on survey data from a major German university, we analyze changes in students' income and its composition throughout the different phases of the pandemic. Students' job income declined by 66% (total income by 19%), on average, during the first lockdown. There was a quick recovery during the reopening. Job income fell again in the second lockdown, but this decrease was only half as large as that in the first lockdown. Women and students from non-academic backgrounds were particularly affected by job income loss, which widened pre-existing financial inequalities. Students compensated for income losses by increasing loan financing and by reducing their leisure expenses. Although dropout intentions increased for all students, there are no differences across socio-economic groups thus far.
PY - 2022
Y1 - 2022
N2 - Many university students depend on employment during their studies. The closing of universities and the loss of many typical student jobs during the COVID-19 pandemic particularly affected their situation. Based on survey data from a major German university, we analyze changes in students' income and its composition throughout the different phases of the pandemic. Students' job income declined by 66% (total income by 19%), on average, during the first lockdown. There was a quick recovery during the reopening. Job income fell again in the second lockdown, but this decrease was only half as large as that in the first lockdown. Women and students from non-academic backgrounds were particularly affected by job income loss, which widened pre-existing financial inequalities. Students compensated for income losses by increasing loan financing and by reducing their leisure expenses. Although dropout intentions increased for all students, there are no differences across socio-economic groups thus far.
AB - Many university students depend on employment during their studies. The closing of universities and the loss of many typical student jobs during the COVID-19 pandemic particularly affected their situation. Based on survey data from a major German university, we analyze changes in students' income and its composition throughout the different phases of the pandemic. Students' job income declined by 66% (total income by 19%), on average, during the first lockdown. There was a quick recovery during the reopening. Job income fell again in the second lockdown, but this decrease was only half as large as that in the first lockdown. Women and students from non-academic backgrounds were particularly affected by job income loss, which widened pre-existing financial inequalities. Students compensated for income losses by increasing loan financing and by reducing their leisure expenses. Although dropout intentions increased for all students, there are no differences across socio-economic groups thus far.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-85131230025&partnerID=MN8TOARS
U2 - 10.2139/ssrn.4114656
DO - 10.2139/ssrn.4114656
M3 - Article
JO - IZA Discussion papers
JF - IZA Discussion papers
SN - 2365-9793
ER -