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

Del Bono, E; Morando, G; (2022) For some, luck matters more: the impact of the great recession on the early careers of graduates from different socio-economic backgrounds. Oxford Economic Papers , 74 (3) pp. 869-893. 10.1093/oep/gpab053. Green open access

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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.

Type: Article
Title: For some, luck matters more: the impact of the great recession on the early careers of graduates from different socio-economic backgrounds
Open access status: An open access version is available from UCL Discovery
DOI: 10.1093/oep/gpab053
Publisher version: https://doi.org/10.1093/oep/gpab053
Language: English
Additional information: This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (https://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited. For commercial re-use, please contact journals.permissions@oup.com
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Social Research Institute
URI: https://discovery.ucl.ac.uk/id/eprint/10137787
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