IDEAS home Printed from https://ideas.repec.org/p/mil/wpdepa/2016-07.html

A Professional Premium for LHC Students: Perceptions from within

Author

Listed:
  • Tiziano CAMPORESI

  • Gelsomina CATALANO

  • Massimo FLORIO

  • Francesco GIFFONI

Abstract

More than 36,000 students and post-docs will be involved in experiments at the Large Hadron Collider (LHC) until 2025. Do they expect that their learning experience will have an impact on their professional future? By drawing from earlier salary expectations literature, this paper proposes a framework aiming at explaining the professional expectations of early career researchers (ECR) at the LHC. The model is tested by data from a survey involving 318 current and former students (now employed in different jobs) at LHC. Results from different ordered logistic models suggest that experiential learning at LHC positively correlates with both current and former students’ salary expectations. At least two not mutually exclusive explanations underlie such a relationship. First, the training at LHC gives early career researchers valuable expertise, which in turn affects salary expectations; secondly, respondents recognise that the LHC research experience per se may act as signal in the labour market. Respondents put a price tag on their experience at LHC, a ‘salary premium’ ranging from 5% to 11% in terms of their future salaries compared with what they would have expected without such experience

Suggested Citation

  • Tiziano CAMPORESI & Gelsomina CATALANO & Massimo FLORIO & Francesco GIFFONI, 2016. "A Professional Premium for LHC Students: Perceptions from within," Departmental Working Papers 2016-07, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 08 Jun 2016.
    • Handle: RePEc:mil:wpdepa:2016-07
    as

    Download full text from publisher

    File URL: http://wp.demm.unimi.it/files/wp/2016/DEMM-2016_07wp.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1975. "The Theory of "Screening," Education, and the Distribution of Income," American Economic Review, American Economic Association, vol. 65(3), pages 283-300, June.
    2. Eddy Ng & Willi Wiesner, 2007. "Are Men Always Picked Over Women? The Effects of Employment Equity Directives on Selection Decisions," Journal of Business Ethics, Springer, vol. 76(2), pages 177-187, December.
    3. Francesco Lissoni & Jacques Mairesse & Fabio Montobbio & Michele Pezzoni, 2011. "Scientific productivity and academic promotion: a study on French and Italian physicists," Industrial and Corporate Change, Oxford University Press, vol. 20(1), pages 253-294, February.
    4. S. O. Cheung & C. M. Tam & I. Ndekugri & F. C. Harris, 2000. "Factors affecting clients' project dispute resolution satisfaction in Hong Kong," Construction Management and Economics, Taylor & Francis Journals, vol. 18(3), pages 281-294.
    5. Florio, Massimo & Forte, Stefano & Sirtori, Emanuela, 2016. "Forecasting the socio-economic impact of the Large Hadron Collider: A cost–benefit analysis to 2025 and beyond," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 38-53.
    6. Gelsomina CATALANO & Chiara DEL BO & Massimo FLORIO, 2015. "Human Capital Formation at LHC: Survey Results," Departmental Working Papers 2015-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    7. Michael Greenacre, 2000. "Correspondence analysis of square asymmetric matrices," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 49(3), pages 297-310.
    8. Bernd Frick & Michael Maihaus, 2016. "The structure and determinants of expected and actual starting salaries of higher education students in Germany: identical or different?," Education Economics, Taylor & Francis Journals, vol. 24(4), pages 374-392, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Erica Delugas & Francesco Giffoni & Emanuela Sirtori & Johannes Gutleber, 2025. "The Human Capital Accumulation at Research Infrastructures: Reexamining Wage Returns to Training, Models, Interpretation, and Magnitude," Papers 2502.07419, arXiv.org.
    2. Razin, Assaf & Goldstein, Itay, 2003. "An Information-Based Trade-off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency and," CEPR Discussion Papers 3747, C.E.P.R. Discussion Papers.
    3. Yann Kossi & Jean-Yves Lesueur & Mareva Sabatier, 2016. "Publish or teach? The role of the scientific environment on academics’ multitasking," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(3), pages 487-506.
    4. Theodore Koutmeridis, 2013. "The Market for "Rough Diamonds": Information, Finance and Wage Inequality," CDMA Working Paper Series 201307, Centre for Dynamic Macroeconomic Analysis, revised 14 Oct 2013.
    5. Ursprung, Heinrich, 2019. "Endogenous maternity allowances as exemplified by academic promotion standards," Labour Economics, Elsevier, vol. 60(C), pages 1-11.
    6. Stiglitz, Joseph E., 2018. "Pareto efficient taxation and expenditures: Pre- and re-distribution," Journal of Public Economics, Elsevier, vol. 162(C), pages 101-119.
    7. Tomi Rajala, 2019. "Mind the Information Expectation Gap," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 104-125, March.
    8. Vegas, E & Ganimian, A. J., 2013. "Theory and Evidence on Teacher Policies in Developed and Developing Countries," Working Paper 104291, Harvard University OpenScholar.
    9. Feng, Shuaizhang & Zheng, Bingyong, 2009. "Cherry-Picking in Labor Market with Imperfect Information," IZA Discussion Papers 4309, IZA Network @ LISER.
    10. repec:mth:ijafr8:v:9:y:2019:i:1:p:450-461 is not listed on IDEAS
    11. repec:zbw:espost:234834 is not listed on IDEAS
    12. Castelnovo, Paolo & Florio, Massimo & Forte, Stefano & Rossi, Lucio & Sirtori, Emanuela, 2018. "The economic impact of technological procurement for large-scale research infrastructures: Evidence from the Large Hadron Collider at CERN," Research Policy, Elsevier, vol. 47(9), pages 1853-1867.
    13. Polishchuk, L., 2010. "Collective Reputation in Higher Education: An Equilibrium Model," Journal of the New Economic Association, New Economic Association, issue 7, pages 46-69.
    14. Piopiunik, Marc & Schwerdt, Guido & Simon, Lisa & Woessmann, Ludger, 2020. "Skills, signals, and employability: An experimental investigation," European Economic Review, Elsevier, vol. 123(C).
    15. Frandsen, Tove Faber & Jacobsen, Rasmus Højbjerg & Wallin, Johan A. & Brixen, Kim & Ousager, Jakob, 2015. "Gender differences in scientific performance: A bibliometric matching analysis of Danish health sciences Graduates," Journal of Informetrics, Elsevier, vol. 9(4), pages 1007-1017.
    16. Mora Rodriguez, Jhon James, 2013. "Introduccion a la teoría del consumidor [Introduction to Consumer Theory]," MPRA Paper 48129, University Library of Munich, Germany, revised 08 Jul 2013.
    17. Wei-Bin ZHANG, 2014. "Human Capital, Wealth, and Renewable Resources," Expert Journal of Economics, Sprint Investify, vol. 2(1), pages 1-20.
    18. Emilia Bedyk & Jacek Liwiński, 2016. "The wage premium from parents’ investments in the education of their children in Poland," Working Papers 2016-14, Faculty of Economic Sciences, University of Warsaw.
    19. Rosholm, Michael & Nielsen, Helena Skyt & Dabalen, Andrew, 2007. "Evaluation of training in African enterprises," Journal of Development Economics, Elsevier, vol. 84(1), pages 310-329, September.
    20. Lee, Wayne L & Thakor, Anjan V & Vora, Gautam, 1983. "Screening, Market Signalling, and Capital Structure Theory," Journal of Finance, American Finance Association, vol. 38(5), pages 1507-1518, December.
    21. Zacchia, Giulia, 2016. "Segregation or homologation? Gender differences in recent Italian economic thought," MPRA Paper 72279, University Library of Munich, Germany.
    22. Bilal Barakat & Robin Shields, 2019. "Just Another Level? Comparing Quantitative Patterns of Global Expansion of School and Higher Education Attainment," Demography, Springer;Population Association of America (PAA), vol. 56(3), pages 917-934, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mil:wpdepa:2016-07. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: DEMM Working Papers The email address of this maintainer does not seem to be valid anymore. Please ask DEMM Working Papers to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/damilit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.