Dr Scott Brook and Dr Roberta Comunian have been invited to respond with a blog entry in response the recent IFS report on HE subsidies in the current loan system in the UK: ‘Econometrics of valuing income contingent student loans using administrative data: groups of English students’ .
The response highlight three main issues connected with our current work and project:
Firstly, low returns to creative graduates are not only consistent with an industry sector in which rewards are highly skewed (the ‘winner takes all’ economy), but the creative sector itself is widely regarded as exemplary of emergent trends in the general labour market;
Secondly, the purposes and outcomes of university study for students are far broader than a simple investment in future employment, and encompass civic and cultural agendas necessary for liberal democratic societies, (and which is ‘core business’ for the creative industries). That students continue to study in such fields despite the rising costs of study and labour market penalties (which are hardly a secret) is testimony to a vocational disposition that is adjusted to this broader mission.
Thirdly, universities themselves are now major players in the creative sector, with media and arts infrastructure and programs premised on broader value claims to be enablers of cultural participation, public discourse and social enterprises. Again, students are key to this engagement.
The full blog contribution can be read and download from
https://pec.ac.uk/blog/accounting-for-creative-graduates
The response highlight three main issues connected with our current work and project:
Firstly, low returns to creative graduates are not only consistent with an industry sector in which rewards are highly skewed (the ‘winner takes all’ economy), but the creative sector itself is widely regarded as exemplary of emergent trends in the general labour market;
Secondly, the purposes and outcomes of university study for students are far broader than a simple investment in future employment, and encompass civic and cultural agendas necessary for liberal democratic societies, (and which is ‘core business’ for the creative industries). That students continue to study in such fields despite the rising costs of study and labour market penalties (which are hardly a secret) is testimony to a vocational disposition that is adjusted to this broader mission.
Thirdly, universities themselves are now major players in the creative sector, with media and arts infrastructure and programs premised on broader value claims to be enablers of cultural participation, public discourse and social enterprises. Again, students are key to this engagement.
The full blog contribution can be read and download from
https://pec.ac.uk/blog/accounting-for-creative-graduates
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