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A College Degree is No Guarantee

Author

Listed:
  • Janelle Jones
  • John Schmitt

Abstract

The Great Recession has been hard on recent college graduates, but it has been even harder for black recent college graduates. This report examines the labor-market outcomes of black recent college graduates using the general approach developed by Federal Reserve Bank of New York researchers Jaison Abel, Richard Deitz, and Yaqin Su (2014), who recently studied the outcomes of all recent college graduates.

Suggested Citation

  • Janelle Jones & John Schmitt, 2014. "A College Degree is No Guarantee," CEPR Reports and Issue Briefs 2014-08, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2014-08
    as

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    File URL: http://www.cepr.net/documents/black-coll-grads-2014-05.pdf
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    References listed on IDEAS

    as
    1. Devah Pager, 2003. "The mark of a criminal record," Natural Field Experiments 00319, The Field Experiments Website.
    2. John Schmitt & Janelle Jones, 2013. "Has Education Paid Off for Black Workers?," CEPR Reports and Issue Briefs 2013-11, Center for Economic and Policy Research (CEPR).
    3. Joseph Price & Justin Wolfers, 2010. "Racial Discrimination Among NBA Referees," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1859-1887.
    4. Devin G. Pope & Joseph Price & Justin Wolfers, 2018. "Awareness Reduces Racial Bias," Management Science, INFORMS, vol. 64(11), pages 4988-4995, November.
    5. Pager, Devah & Western, Bruce & Bonikowski, Bart, 2009. "Discrimination in a Low-Wage Labor Market: A Field Experiment," IZA Discussion Papers 4469, Institute of Labor Economics (IZA).
    6. Jaison R. Abel & Richard Deitz & Yaquin Su, 2014. "Are recent college graduates finding good jobs?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 20.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Zhan, Min & Xiang, Xiaoling & Elliott, William, 2016. "Education loans and wealth building among young adults," Children and Youth Services Review, Elsevier, vol. 66(C), pages 67-75.
    2. Joanna Taylor & Tatjana Meschede, 2018. "Inherited Prospects: The Importance of Financial Transfers for White and Black College‐Educated Households’ Wealth Trajectories," American Journal of Economics and Sociology, Wiley Blackwell, vol. 77(3-4), pages 1049-1076, May.
    3. Stella Min & Miles G. Taylor, 2018. "Racial and Ethnic Variation in the Relationship Between Student Loan Debt and the Transition to First Birth," Demography, Springer;Population Association of America (PAA), vol. 55(1), pages 165-188, February.
    4. Erin E. George & Jessica Milli & Sophie Tripp, 2022. "Worse than a double whammy: The intersectional causes of wage inequality between women of colour and White men over time," LABOUR, CEIS, vol. 36(3), pages 302-341, September.
    5. Zhan, Min & Xiang, Xiaoling, 2018. "Education loans and asset building among black and Hispanic young adults," Children and Youth Services Review, Elsevier, vol. 91(C), pages 121-127.
    6. William A. Darity & Darrick Hamilton, 2017. "The Political Economy of Education, Financial Literacy, and the Racial Wealth Gap," Review, Federal Reserve Bank of St. Louis, vol. 99(1), pages 59-76.

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    More about this item

    Keywords

    college graduates; race; inequality; Great Recession;
    All these keywords.

    JEL classification:

    • J - Labor and Demographic Economics
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • I - Health, Education, and Welfare
    • I2 - Health, Education, and Welfare - - Education
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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