NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Youth Labor Markets in the U.S.: Shopping Around vs. Staying Put

David Neumark

NBER Working Paper No. 6581
Issued in May 1998
NBER Program(s):   LS

The need for school-to-work programs or other means of increasing early job market stability is predicated on the view that the chaotic' nature of youth labor markets in the U.S. is costly because workers drift from one job to another without developing skills, behavior, or other characteristics that in turn lead to higher adult earnings. However, there is also ample evidence that workers receive positive returns to job shopping. This paper asks whether youths in unstable or dead-end jobs early in their careers suffer adverse labor market consequences as adults. In particular, it accounts for the endogenous determination of early job stability as a response to job match quality which may also influence adult wages using labor market conditions in the early years in the labor market as instrumental variables for the job stability experienced during those years. The instrumental variables estimates generally point to substantial positive effects of early job stability on adult wages.

download in pdf format
   (1371 K)

email paper

This paper is available as PDF (1371 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w6581

Published: Neumark, David. "Youth Labor Markets In The United States: Shopping Around Vs. Staying Put," Review of Economics and Statistics, 2002, v84(3,Aug), 462-482.

Users who downloaded this paper also downloaded these:
Cutler and Sheiner w6140 Managed Care and the Growth of Medical Expenditures
Gardecki and Neumark w5899 Order from Chaos? The Effects of Early Labor Market Experiences on Adult Labor Market Outcomes
Kessler and McClellan w7537 Medical Liability, Managed Care, and Defensive Medicine
Anderson w5854 Effective Protection Redux
Oreopoulos, von Wachter, and Heisz w12159 The Short- and Long-Term Career Effects of Graduating in a Recession: Hysteresis and Heterogeneity in the Market for College Graduates
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us