Attention Class of 2007: Change Jobs Now!

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Here’s an interesting factlet about recent college graduates:

While young people who have weathered a tough job market may shy from risks during their careers, the best way to nullify an unlucky graduation date is to change jobs when you can, says Till von Wachter, an economist at Columbia.

“If you don’t move within five years of graduating, for some reason you get stuck where you are. That’s just an empirical finding,” Mr. von Wachter said.

That was a close call. I stayed at my first job after graduation for three years. Another two years and I would have been trapped forever. I never realized just how close I was cutting things.

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