Earning capacity of sustainable education -a review of current perceptions regarding the salaries, under-employment and over-education of higher-education graduates and their potential application in sustainability assessments

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Abstract

There is a growing need to understand the economic returns of degrees as a function of a sustainable institution. The empirical data presented in this paper suggests that there is a difference between the economic perception of higher education stakeholders and reality. The data showed that the most important economic metric for a graduate is full-time employment. This metric, although important, is incomplete and does not address other important factors such as starting salaries and under-employment. This indicates a gap between reality and perception considering stakeholders expectation that education should not cost more than of 15% of future salaries and that the debt be repaid in less than ten years. Student's focusing on full-time employment rather than the holistic economic realities of their educational choices may lead to an unsustainable future which is currently not captured in higher education sustainability assessments.

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APA

Maragakis, A., Van Den Dobbelsteen, A., & Maragakis, A. (2017). Earning capacity of sustainable education -a review of current perceptions regarding the salaries, under-employment and over-education of higher-education graduates and their potential application in sustainability assessments. A+BE Architecture and the Built Environment, 3, 99–115. https://doi.org/10.5539/jsd.v9n3p261

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