Reaching for Gold! The Impact of a Positive Reputation Shock on Career Choice

Daniel Goller and Stefan Wolter

No 10791, CESifo Working Paper Series from CESifo

Abstract: We analyze the causal influence a positive reputation shock for a particular occupation may have on career choice. The measure of the positive reputation shock is the unpredictable event that a young adult from one's own country wins a (gold) medal in a particular occupation at the World Skills—the world championship of vocational skills. In an occupation with a gold medal won, searches for apprenticeship vacancies increase significantly by around 7 percent compared to occupations that do not win a competition. In occupations where only a silver or bronze medal is awarded, the effect is also positive and statistically significant, but less pronounced. More importantly, the increase in searches for apprenticeship vacancies in the current year has also led to around 2.5 percent more contracts being signed in the winning occupation, and there are indications that these apprenticeships have a better match between employers and employees (trainees).

Keywords: role models; reputation shock; career choice; labor supply; apprenticeship (search for similar items in EconPapers)
JEL-codes: I21 J22 J24 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Reaching for gold! The impact of a positive reputation shock on career choice (2023)
Working Paper: Reaching for Gold! The Impact of a Positive Reputation Shock on Career Choice (2023)
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