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Labor market prospects search intensity and the transition from college to work

Bas van der Klaauw, Aico van Vuuren and Peter Berkhout ()
Additional contact information
Peter Berkhout: University of Amsterdam, Postal: Roetersstraat 29, NL-1018 WB Amsterdam, The Netherlands

No 2005:9, Working Paper Series from IFAU - Institute for Evaluation of Labour Market and Education Policy

Abstract: 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 not stationary. 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 1 percentage point decrease in unemployment rate increases wage offers on average with 3 percent and that there are substantial returns to work experience. Employment rates at graduation could be increased from 40 percent to 65 percent if alls students start job search 6 months prior to graduation.

Keywords: Job search behavior; structural model (search for similar items in EconPapers)
JEL-codes: J64 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2005-04-06
New Economics Papers: this item is included in nep-edu and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Working Paper: Labour Market Prospects, Search Intensity and Transition from College to Work (2004) Downloads
Working Paper: Labor Market Prospects, Search Intensity and the Transition from College to Work (2004) Downloads
Working Paper: Labor Market Prospects, Search Intensity and the Transition from College to Work (2004) Downloads
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