Student work placements in small firms: Do they pay-off or shift tastes?
UNSPECIFIED. (2006) Student work placements in small firms: Do they pay-off or shift tastes? SMALL BUSINESS ECONOMICS, 26 (2). pp. 125-144. ISSN 0921-898XFull text not available from this repository.
Official URL: http://dx.doi.org/10.1007/s11187-004-2438-6
We present a model of training investments and employment outcomes. In this model training may enhance trainees' tastes for particular types of career (taste shift) and/or shift their wage offer distributions (pay-off). An empirical analysis is conducted with a unique data-set of UK graduates. These data contain information on students' career tastes before small-firm placements as well as their employment outcomes after graduation. Analysis of these data indicates that the placements provide a pay-off among highly employable graduates who face certain disadvantages in the labour market. Conversely individuals, who expressed a taste for small-firm careers before placements, are more likely to take-up small-firm employment after placements suggesting these individuals experience enhanced opportunities for their preferred career. However individuals with pre-placement large-firm preferences have no greater likelihood of entering small-firms' employment after placements indicating there is no fundamental effect on career tastes.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HF Commerce
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
|Journal or Publication Title:||SMALL BUSINESS ECONOMICS|
|Official Date:||March 2006|
|Number of Pages:||20|
|Page Range:||pp. 125-144|
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