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Grads on the Go: Measuring College-Specific Labor Markets for Graduates

Author

Listed:
  • Johnathan G. Conzelmann
  • Steven W. Hemelt
  • Brad Hershbein
  • Shawn M. Martin
  • Andrew Simon
  • Kevin M. Stange

Abstract

This paper introduces a new measure of the labor markets served by colleges and universities across the United States. About 50 percent of recent college graduates are living and working in the metro area nearest the institution they attended, with this figure climbing to 67 percent in-state. The geographic dispersion of alumni is more than twice as great for highly selective 4-year institutions as for 2-year institutions. However, more than one-quarter of 2-year institutions disperse alumni more diversely than the average public 4-year institution. In one application of these data, we find that the average strength of the labor market to which a college sends its graduates predicts college-specific intergenerational economic mobility. In a second application, we quantify the extent of “brain drain” across areas and illustrate the importance of considering migration patterns of college graduates when estimating the social return on public investment in higher education.

Suggested Citation

  • Johnathan G. Conzelmann & Steven W. Hemelt & Brad Hershbein & Shawn M. Martin & Andrew Simon & Kevin M. Stange, 2022. "Grads on the Go: Measuring College-Specific Labor Markets for Graduates," NBER Working Papers 30088, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:30088
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    Cited by:

    1. Benjamin Niswonger, 2022. "What You See is What You Get: Local Labor Markets and Skill Acquisition," Papers 2209.03892, arXiv.org.
    2. Beine, Michel & Peri, Giovanni & Raux, Morgan, 2023. "International college students’ impact on the US skilled labor supply," Journal of Public Economics, Elsevier, vol. 223(C).
    3. Raux, Morgan, 2023. "Recruitment Competition and Labor Demand for High-Skilled Foreign Workers," IZA Discussion Papers 16554, Institute of Labor Economics (IZA).

    More about this item

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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