Are Recent College Graduates Finding Good Jobs?

8 Pages Posted: 13 Jan 2014

See all articles by Jaison R. Abel

Jaison R. Abel

Federal Reserve Bank of New York

Richard Deitz

Federal Reserve Bank of New York - Research Group

Yaqin Su

Federal Reserve Bank of New York

Date Written: January 1, 2014

Abstract

According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that such difficulties are not a new phenomenon: individuals just beginning their careers often need time to transition into the labor market. Still, the percentage who are unemployed or “underemployed” — working in a job that typically does not require a bachelor’s degree — has risen, particularly since the 2001 recession. Moreover, the quality of the jobs held by the underemployed has declined, with today’s recent graduates increasingly accepting low-wage jobs or working part-time.

Keywords: college graduates, labor market, underemployment, unemployment, Great Recession

JEL Classification: J20, J24, J64

Suggested Citation

Abel, Jaison R. and Deitz, Richard and Su, Yaqin, Are Recent College Graduates Finding Good Jobs? (January 1, 2014). Available at SSRN: https://ssrn.com/abstract=2378472

Jaison R. Abel (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Richard Deitz

Federal Reserve Bank of New York - Research Group ( email )

33 Liberty Street
New York, NY 10045
United States

Yaqin Su

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
6,408
Abstract Views
17,342
rank
1,403
PlumX Metrics