Effects of graduating from college in a bad economy Essay

Effects of graduating from college in a bad economy - Essay Example triple works in the long run as compared to the number of working hours and probability of gaining employment during good economic conditions in the long run (Liu 2).The neighboring(a) to short term effects are that fresh graduates fail to obtain positions that are highly desired by them if they graduate in a turning point and shifting between jobs is even quite difficult (Oreopoulos 23).They even fail to bargain for higher paying jobs as they fail to gain employment in high paying positions. For example Kahn figured out that those who graduate during recessionary period earn around 3 to 5 percent less over a period of 20 years (Kahn 310).Those individuals who gain graduation during recessionary sessions do not face difference in gaining job opportunities and working hours in the long run as compared to their peers who graduate during booming conditions. In the short run they experience hardship to find high payi ng jobs, desirable positions, failure to switch jobs and demand low wage rates.Oreopoulos, Philip, Andrew Heisz, and Till . Wachter. The Short and Long-Term Career Effects of Graduating in a Recession Hysteresis and Heterogeneity in the foodstuff for College Graduates. Cambridge, Ma National Bureau of Economic Research, 2005. Internet resource.SABLIK, TIM. Are New Graduates Left Behind in a Recession?. Federal Reserve money box of Richmond. N.p., n.d. Web. 10 Dec. 2012.