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Labor Market Prospects, Search Intensity and the Transition from College to Work

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dc.creator van Vuuren, Aico
dc.creator van der Klaauw, Bas
dc.creator Berkhout, Peter
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:26Z
dc.date.available 2013-10-16T07:10:26Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20416
dc.identifier ppn:389181161
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20416
dc.description In this paper we develop a structural model for job search behavior of students entering the labor market. The model includes endogenous search effort and on-the-job search. Since students usually do not start a regular job before graduation but start job search earlier, our model is non stationary even if all structural parameters are constant. The model explains the common finding that a substantial share of individuals starts working immediately upon graduation. We estimate the model using a unique data set of individuals who completed undergraduate education in the Netherlands between 1995 and 2001. Our estimation results show that a 1 percent point decrease in unemployment rate increases wage offers with 3 percent, that there are substantial returns to work experience and that individuals devote less effort to job search than optimal. Employment rates at graduation could be increased from 40 percent to 65 percent if all individuals start job search 6 month prior to graduation.
dc.language eng
dc.relation IZA Discussion paper series 1176
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J64
dc.subject C41
dc.subject I20
dc.subject ddc:330
dc.subject business cycle
dc.subject structural estimation
dc.subject return to work experience
dc.subject Berufseinstieg
dc.subject Akademische Berufe
dc.subject Arbeitsuche
dc.subject Bildungsertrag
dc.subject Konjunktur
dc.subject Schätzung
dc.subject Schätzung
dc.subject Niederlande
dc.subject Berufserfahrung
dc.title Labor Market Prospects, Search Intensity and the Transition from College to Work
dc.type doc-type:workingPaper

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