Having a university degree still brings benefits in the job market, said a study in the US.
The Pew research group examines the impact of the recession on job opportunities for graduates of US schools and universities.
The study found that those with higher levels of education were more protected from layoffs and salary deductions.
“University degrees still matter,” said research manager Diana Elliott.
The research from the Economic Mobility Project Pew group is an attempt to examine the reality behind stories about university graduates who have debt and are trapped in low-skill jobs.
Impact of recession
The study wanted to find out whether pursuing higher education still had a price, when there was a lot of debate in the US about the high cost of education and the amount of student debt.
“There are lots of stories in newspapers about people with high degrees who find it difficult to compete in the job market,” Elliott said.
But he said their research found that the stories were not represented by typical experiences of young people.
Instead, they show a close link between gaining a degree and access to higher status and safer jobs.
Getting a job is more difficult for all young people after a recession, but the extra difficulties faced by university graduates don’t mean much.
There is not much evidence, from the study with 140,000 samples, that recessions encourage many graduates to find jobs that are only intended for job seekers without a university degree.
The research entitled How Much Protection from University Degree shows the severe impact of recession on job seekers who do not have enough qualifications.
Those who only have high school diplomas tend to be unemployed.
Education = salary
This research looks at young people who have a high school diploma, those who have D2 and S1 degrees.
The academy’s achievement hierarchy is reflected in the level of staffing and salary figures.
The owner of a high school diploma works in the service sector such as catering, shop and driver.
Those with D2 and S1 degrees are recruited in managerial posts or jobs such as teaching and accounting.
The benefits gained by having a degree are not evenly distributed. More women than men have university degrees, and black and Hispanic descendants tend to have fewer opportunities than whites and Asians for higher education.
But research also shows that if poor young people get to college, they tend to be more advanced in their careers than those born to affluent families.
“The question is whether lectures are still important? Do academic degrees still provide employment opportunities?” Elliott said.
“Our findings are that advanced education is very important.”