UNSPECIFIED. (2006) Student work placements in small firms: Do they pay-off or shift tastes? SMALL BUSINESS ECONOMICS, 26 (2). pp. 125-144. ISSN 0921-898X

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Abstract

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.

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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
Publisher:	SPRINGER
ISSN:	0921-898X
Date:	March 2006
Volume:	26
Number:	2
Number of Pages:	20
Page Range:	pp. 125-144
Identification Number:	10.1007/s11187-004-2438-6
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/33980

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