Market Thickness and the Early Labour Market Career of University Graduates: An Urban Advantage?
Författare
Summary, in English
A < sc > bstract </sc > We analyse the influence of market thickness for skills on initial wages and the early job market career of university graduates. Using Swedish micro-level panel data on a cohort of graduates, we show that two out of three graduates move to large cities upon graduation. Large cities increase employment probabilities and yield higher rewards to human capital, even after controlling for employment selection. The premium on initial wages for graduates in urban regions is in the interval of 5-6%, and we estimate a wage-growth premium of about 2-4%. Thicker markets for skills appear as a key reason for the concentration of graduates to larger cities.
Avdelning/ar
Publiceringsår
2014
Språk
Engelska
Sidor
396-419
Publikation/Tidskrift/Serie
Spatial Economic Analysis
Volym
9
Issue
4
Dokumenttyp
Artikel i tidskrift
Förlag
Taylor & Francis
Ämne
- Social Sciences Interdisciplinary
Nyckelord
- matching
- mobility
- agglomeration economies
- job switching
- university
- graduates
- market thickness
- urban wage premium
- Human capital
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1742-1772