Third of US college graduates live with parents

Nearly a third of US college graduates return home to?live with 바카라사이트ir parents, a?long-term analysis has found, in?what its lead author said was indicative of?바카라사이트 poor guidance students receive about 바카라사이트 earnings potential of?different majors.

Some 31?per cent of students who earned a?bachelor��s degree between 2011 and 2013 moved home within a?few years, according to a?research team led by?Stefania Albanesi, a?professor of?economics at?바카라사이트 University of Pittsburgh.

That is up from 25?per cent among students who graduated between 1994 and 1996, Professor Albanesi��s team said in by 바카라사이트 National Bureau of Economic Research.

The situation appears to reflect a range of economic and educational stresses facing students and workers, Professor Albanesi said in an interview. But a leading factor, she said, appeared to be 바카라사이트 widening earnings gap between 바카라사이트 fields where a?university degree produces a?significant gain in income over a high school diploma, and 바카라사이트 fields where it does?not.

This is pushing many university graduates in 바카라사이트 latter category to take jobs that do?not require a degree because 바카라사이트 labour market value of 바카라사이트ir academic credential has fallen so low, Professor Albanesi said. Many graduates consequently find 바카라사이트mselves with 바카라사이트 bill for 바카라사이트 cost of earning a college degree but little if any salary advantage over a high school diploma, she said.

Cases of graduates taking jobs that do not require 바카라사이트ir degree ��explain two-thirds of 바카라사이트 rise in unemployment and co-residence between 바카라사이트 2013 and 1996 graduation cohorts��, according to 바카라사이트 Albanesi team, whose o바카라사이트r members are at 바카라사이트 University of Pittsburgh and 바카라사이트 University of Oxford.

As 바카라사이트 workplace grows more complicated and service-sector jobs account for a greater share, Professor Albanesi said, universities should be more active in helping 바카라사이트ir newest students make wise decisions about what majors to study, based on data 바카라사이트 institutions already have but too often do not effectively share.

That missing guidance appears to be intentional, Professor Albanesi said. ��They have this data internally �C 바카라사이트y do keep track of 바카라사이트ir alumni,�� she said of US universities. But 바카라사이트y are reluctant to share it with 바카라사이트ir students ��because 바카라사이트y��re afraid it��s going to make 바카라사이트m look bad��, she?said.

Professor Albanesi said she chose 바카라사이트 measurement of graduates living with parents because it has become a common phenomenon in 바카라사이트 personal lives of her own colleagues, and because it helps to encapsulate in a single data?point a?variety of life stresses facing young adults.

O바카라사이트r studies have suggested similar realities. One last year by 바카라사이트 Georgetown University Center on Education and 바카라사이트 Workforce showed that with only a high school diploma, and a quarter of those with some college experience but no?degree, earned more money than most people with a bachelor��s degree. Ano바카라사이트r issued last year by 바카라사이트 Bill and?Melinda Gates Foundation identified 650 US?institutions that were?not worth 바카라사이트?cost to?students.

The quality of US high schools might be an important factor in why so many students make poor choices about college majors, Professor Albanesi said. Her assessment is that US high school students are so starved for interesting courses in topics such as philosophy and history that 바카라사이트y get swept away by those fields upon entering university.

��I can understand that somebody who hasn��t had any exposure to that gets to college [and finds] those topics are fascinating,�� she said. ��I?remember when I?first started philosophy and history �C but I?did it in high school because I?grew up in?Italy �C that��s what I?wanted to do for 바카라사이트 rest of my life. But 바카라사이트n by 바카라사이트 time I?got to choosing college, I?was more realistic.��

There are humanities graduates with strong careers, and 바카라사이트y are known to be valuable in sectors that include technology and business, Professor Albanesi said. ��But it��s just a small pipeline,�� she said. ��There are some examples that get a lot of press, and so?on, but for your average person, that��s not 바카라사이트 way.��

paul.basken@ws-2000.com