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Student work placements in small firms: Do they pay-off or shift tastes?
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posted on 2023-06-07, 23:38 authored by Stuart Fraser, David Storey, Paul WestheadWe present a model of training investments and employment outcomes. In this model training may enhance trainees' tastes for particular types of career (taste shift) and/or shift their wage offer distributions (pay-off). An empirical analysis is conducted with a unique data-set of UK graduates. These data contain information on students' career tastes before small-firm placements as well as their employment outcomes after graduation. Analysis of these data indicates that the placements provide a pay-off among highly employable graduates who face certain disadvantages in the labour market. Conversely individuals, who expressed a taste for small-firm careers before placements, are more likely to take-up small-firm employment after placements suggesting these individuals experience enhanced opportunities for their preferred career. However individuals with pre-placement large-firm preferences have no greater likelihood of entering small-firms' employment after placements indicating there is no fundamental effect on career tastes.
History
Publication status
- Published
Journal
Small Business EconomicsISSN
0921898XExternal DOI
Issue
2Volume
26Page range
125-144Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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