Fraser, Stuart, Storey, David J and Westhead, Paul (2006) Student work placements in small firms: Do they pay-off or shift tastes? Small Business Economics, 26 (2). pp. 125-144. ISSN 0921898X

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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.

Item Type:	Article
Schools and Departments:	School of Business, Management and Economics > Business and Management
Depositing User:	David Storey
Date Deposited:	06 Feb 2012 19:38
Last Modified:	23 Mar 2012 12:03
URI:	http://sro.sussex.ac.uk/id/eprint/21626

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