A new BRA report debunks what Hub officials have long bemoaned as Boston's "brain drain" — the mass exodus of the young and college educated who flee the area soon after graduation and take their talents to high tech jobs in other cities.
The report, which analyzed census data, labor statistics and two studies over the past decade, found that the number of newly minted college graduates leaving the city is a normal turnover for what you would expect from a region where higher education is a major industry. The analysis also found that the area boasts a healthy level of young, college-educated residents.
"We are not saying we shouldn't concentrate on retaining young people and graduates. But there is no brain drain in Boston. That's what we found," said Alvaro Lima, research director at the Boston Redevelopment Authority.
"I think that the main argument is that higher education institutions in Boston are an export industry," said Lima. "We bring in people — lots of people — and bring in money by charging them for education."
Lima and researchers at the University of Massachusetts Donahue Institute also found there are not enough jobs in the area labor markets to hire anywhere near the number of graduates each year.
"There is no way we are going to retain 60,000 people a year," Lima said. "You cannot produce jobs at the same rate you produce graduates."
A recent study released by think tank City Observatory seems to back up the BRA report. Boston is one of only four cities, including San Francisco, San Jose and Washington, D.C., where half or more of all 25- to 34-year-olds have a college degree, that study showed.
City Observatory found that the number of 25- to 34-year-olds with college degrees in the Boston area grew by nearly 12 percent from 2000 to 2012. San Francisco, the Hub's chief rival in luring high-tech pros, posted nearly the same spike in that time.
"We are not saying that Boston should not double every effort to retain more young people," said Lima. "What we're saying is we don't have young people leaving by droves right now."
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