This paper provides sound, comparative empirical evidence on the duration of the school-to-work-transition (STWT) across 14 European countries using information available in the EU-SILC database. We define the duration of the STWT as the time needed for young people to secure their first regular job (at least six months) after completing their studies. We highlight the existence of dramatic inequality both across and within countries, namely by education level. The duration ranges on average from 13 (UK) to 34 months (Italy) and the gap still remains after 10 years. We then study the determinants of the duration by means of parametric survival models, with the distribution of hazard rates for finding a regular job being proxied by a Weibull distribution, which reveals the best fit based on a number of statistical tests. We test for omitted heterogeneity by means of the frailty survival model and find consistent evidence of positive duration dependence, suggesting that, as times passes, young people increase their hazard rate for finding a regular job as soon as they gain work experience and accumulate work-related competences.
|Titolo:||Some young people have all the luck! The duration dependence of the school-to-work transition in Europe|
|Data di pubblicazione:||Being printed|
|Appare nelle tipologie:||1.1 Articolo in rivista|