Rising Mal-Employment and the Great Recession: The Growing Disconnection between Recent College Graduates and the College Labor Market.

Abstract

INTRODUCTION What is the value of a college degree in our recessionary economy? How much does the choice of an undergraduate major matter? Under what conditions are the economic gains from earning a college degree realized? This article looks at the phenomenon of mal-employment among college graduates in the United States, beginning with an overview of labor-market trends and the effects of the Great Recession on the job-market experiences of young people, including recent college graduates. It then defines “malemployment” and examines its incidence over time. The article also reviews earnings differences between mal-employed college graduates and their counterparts across major fields of undergraduate study and

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