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

Cashier or consultant? Entry labor market conditions, field of study, and career success

Emilia Del Bono and Greta Morando

Oxford Economic Papers, 2022, vol. 74, issue 3, 869-893

Abstract: This article uses variation in unemployment caused by the 2008 UK recession to analyse socio-economic gaps in graduate outcomes. Our data come from a survey that 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 graduating in a recession, students from less advantaged family backgrounds 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.

JEL-codes: I24 I26 J23 J24 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Working Paper: For Some, Luck Matters More: The Impact of the Great Recession on the Early Careers of Graduates from Different Socio-Economic Backgrounds (2021)
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