ABSTRACT Studies on the cyclicality of higher education examine the relationship between variations in labor market conditions and changes in enrollment. While the majority of the existing literature implicitly assumes an elastic supply of enrollment, this study identifies institutions with supply constraints and investigates how those constraints have affected institutions’ decisions on enrollment and how such effects vary across institution types. Findings indicate that, in the short run, capacity-constrained institutions experienced no changes in enrollment or academic qualifications for incoming students in response to increases in admission applications, whereas institutions without constraints responded by accepting more students, with lower SAT scores.

中文翻译：

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商业周期中的大学入学：供应限制的作用

摘要高等教育的周期性研究研究了劳动力市场条件的变化与入学率变化之间的关系。尽管大多数现有文献都隐含地假设了弹性的入学人数，但本研究确定了具有供给限制的机构，并调查了这些制约因素如何影响机构的入学决定以及这种影响如何随机构类型而变化。研究结果表明，短期来看，由于招生申请的增加，能力受到限制的院校对入学学生的入学率或学历没有变化，而没有限制的院校则接受了更多的学生，SAT分数较低。