High school to work: How did Millennials fare?

Audra Bowlus and Yuet-Yee Linda Wong

Economics Letters, 2024, vol. 245, issue C

Abstract: This paper studies Millennials’ school-to-work transition by race and gender based on flow-sampled data. We construct labor market histories upon entry for a sample of high school graduates, and estimate a wage posting equilibrium search model. We find the labor market deteriorated substantially for white male Millennials relative to those in Generation X resulting in the disappearance of racial differences. Further, Millennial males search less efficiently but receive higher mean wage offers than females pointing to a gender wage gap driven only by productivity differences.

Keywords: Millennials; School-to-work transition; Job search; Gender; Race (search for similar items in EconPapers)
JEL-codes: J31 J42 J64 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:245:y:2024:i:c:s0165176524005287

DOI: 10.1016/j.econlet.2024.112044

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