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There is no question that graduating during a recession has downsides.
But research shows that there are some positive aspects about graduating during a recession: People in this group tend to be happier, less self-absorbed, and more ethical over the long run than people who graduated during prosperous times.
Rows (3) and (4) show no strong evidence that people avoid graduating during a recession.
Graduating during the toughest job market in generations, many in the class of 2009 face bleak career prospects.
The scarring effects associated with overeducation could also account for some of the negative wage effects of graduating during a recession which have been recently uncovered in the literature.
Considering that graduating during a recession can result in a lifetime earnings loss of $60,000 to $100,000, those graduates will feel the financial consequences of the crisis for the rest of their lives.
Similar(51)
Hannah graduated "during the wake of no jobs," and said the experience enabled her to become quite ambitious, because there simply wasn't any other option.
President Susan Hockfield addresses graduates during Commencement.
GradImages takes professional photographs of each graduate during Commencement.
I graduated during the Arab oil embargo [in the 1970s].
Kahn has started comparing recent graduates during the recent recession with recent graduates in the 1981-82 recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com