The Immediate Post-College Transition and its Role in Socioeconomic Earnings Gaps

A new study of roughly 80,000 bachelor’s degree recipients from a large urban public college system finds that characteristics of a graduate’s first job can explain nearly two-thirds of the otherwise-unexplained earnings gap between students from low-income and high-income families five years after graduation.

The research [PDF], published as an NBER working paper by economists at Columbia University, tracked graduates from 2010 to 2017 using administrative education data…