Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130641
Authors: 
Abel, Jaison R.
Deitz, Richard
Year of Publication: 
2015
Series/Report no.: 
Staff Report, Federal Reserve Bank of New York 749
Abstract: 
Though labor market conditions steadily improved following the Great Recession, underemployment among recent college graduates continued to climb, reaching highs not seen since the early 1990s. In this paper, we take a closer look at the jobs held by underemployed college graduates in the early stages of their careers during this period. We show that relatively few recent graduates were working in low-skilled service jobs, and that many of the underemployed worked in fairly well paid non-college jobs requiring some degree of knowledge and skill. We also find that the likelihood of being underemployed was lower for those with technically oriented and occupation-specific majors than it was for those with degrees in more general fields. Moreover, our analysis suggests that underemployment is a temporary phase for many recent college graduates as they transition to better jobs after spending some time in the labor market, particularly for those who start their careers in low-skilled service jobs.
Subjects: 
college graduates
college major
great recession
labor market dynamics
STEM
underemployment
JEL: 
I23
J23
J24
J62
Document Type: 
Working Paper

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