Contrary to popular opinion, university graduates are no happier than their lesser-educated peers.

It's often said that university days are the best of your life. Now new research appears to corroborate, showing graduates are happiest in school and university and become less happy following graduation. School and university, quite literally, is as good as it gets. Dr Mike Dockery, associate professor at Curtin University of Technology, analysed information provided by young people over 10 years of their lives as part of the Longitudinal Surveys of Australian Youth (LSAY). The data showed that by age 25 there was no statistical difference in the happiness levels of young people who had...