The Recession and College Attendance

Guest: Caroline Hoxby, Economics Professor at Stanford University and co-editor of the book "How the Financial Crisis and Great Recession Affected Higher Education" At 5.5 percent, the national unemployment rate is nearly back to where it was just before the Great Recession hit. Which is not to say that all Americans feel as though they’ve recovered from the shock to their earnings, their retirement funds, or the value of their homes. A new book co-edited by Stanford economist Caroline Hoxby finds universities managed pretty well during the recession, due in no small part to the fact that more people enrolled in college when the job market tanked.