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Student Work Placements in Small Firms: Do They Pay-off or Shift Tastes?

Author

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  • Stuart Fraser
  • David Storey
  • Paul Westhead

Abstract

We 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. Copyright Springer 2006

Suggested Citation

  • Stuart Fraser & David Storey & Paul Westhead, 2006. "Student Work Placements in Small Firms: Do They Pay-off or Shift Tastes?," Small Business Economics, Springer, vol. 26(2), pages 125-144, March.
    • Handle: RePEc:kap:sbusec:v:26:y:2006:i:2:p:125-144
    DOI: 10.1007/s11187-004-2438-6
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    Citations

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    Cited by:

    1. Paisey, Catriona & Paisey, Nicholas J., 2010. "Developing skills via work placements in accounting: Student and employer views," Accounting forum, Elsevier, vol. 34(2), pages 89-108.
    2. Simon C. Parker & Thomas Åstebro & David B Audretsch & Robert Blackburn & Andrew Burke & Alex Coad & Marc Cowling & Per Davidsson & Michael Fritsch & Francis Greene & Paul D. Reynolds & Roy Thurik, 2024. "“Remembering David J Storey, a pioneer of the entrepreneurship field”," Small Business Economics, Springer, vol. 62(1), pages 1-21, January.

    More about this item

    Keywords

    career preferences; employment outcomes; government-subsidised training programmes; selection bias; small firms; J24; I28; C35;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions

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