Market Thickness and the Early Labor Market Career of University Graduates- An urban advantage?
We analyze the influence of market thickness for skills on initial wages and subsequent wage development 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 yield higher rewards to human capital and a stronger early job market career. The premium on initial wages for urban graduates is in the interval of 6-12 percent, and we estimate a wage-growth premium of about 3 percent. Thicker markets for skills appear as a key reason for the concentration of university graduates to larger cities.
|Date of creation:||14 Feb 2013|
|Date of revision:|
|Contact details of provider:|| Postal: CIRCLE, Lund University, PO Box 117, SE-22100 Lund, Sweden|
Phone: +46 (0) 46 222 74 68
Web page: http://www.circle.lu.se/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hhs:lucirc:2013_002. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Markus Grillitsch)
If references are entirely missing, you can add them using this form.