71. The Millennials' Transition from School-to-Work
- Author:
- Yuet-Yee Linda Wong and Audra J. Bowlus
- Publication Date:
- 03-2020
- Content Type:
- Working Paper
- Institution:
- Centre for Human Capital and Productivity (CHCP), Western University
- Abstract:
- We present the first study of the high school-to-work transition for American Millennial males and females. Using data from the PSID Transition to Adulthood from 2005-2011, we estimate the Burdett and Mortensen (1998) model and study changes between Generation X and Millennials. We find convergence in racial differences in transition patterns across the generations and in gender earnings by the Great Recession. These patterns are driven by a large decline in search efficiencies for white males. Finally, we show the labor market deteriorated for high school graduates prior to, with a further decline during, the Great Recession.
- Topic:
- Economics, Education, Global Recession, Human Capital, Labor Market, and Productivity
- Political Geography:
- United States