For some, luck matters more: the impact of the Great Recession on the early careers of graduates from different socio-economic backgrounds

Publication type

Research Paper

Series Number

14540

Series

IZA Discussion Papers

Authors

Publication date

July 15, 2021

Summary:

This paper uses variation in unemployment caused by the 2008 recession to analyse socio- economic gaps in graduate outcomes. Our data comes from a survey which collects information on several cohorts of students from all English universities and reports their destinations at 6 months after graduation. The results show that when students from less advantaged family backgrounds graduate during a recession they are more likely to become unemployed, to work part-time, and to earn less than students from more advantaged families. There is evidence that professional networks established while at university are important in explaining some of these socio-economic gaps in outcomes.

Subjects

Link

https://www.iza.org/publications/dp/14540/for-some-luck-matters-more-the-impact-of-the-great-recession-on-the-early-careers-of-graduates-from-different-socio-economic-backgrounds

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