TY  - RPRT
        AU  - Margaryan, Shushanik
AU  - Saniter, Nils
AU  - Schumann, Mathias
AU  - Siedler, Thomas
        TI  - Do Internships Pay Off? The Effects of Student Internships on Earnings
        PY  - 2019/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 12478
        UR  - https://www.iza.org/index.php/publications/dp12478
        AB  - This paper studies the causal effect of student internship experience in firms on earnings later in life. We use mandatory firm internships at German universities as an instrument for doing a firm internship while attending university. Employing longitudinal data from graduate surveys, we find positive and significant earnings returns of about 6% in both OLS and IV regressions. The positive returns are particularly pronounced for individuals and areas of study that are characterized by a weak labor market orientation. The empirical findings show that graduates who completed a firm internship face a lower risk of unemployment during the first year of their careers, suggesting a smoother transition to the labor market.
        KW  - labor market returns
KW  - higher education
KW  - skill development
KW  - internships
KW  - instrumental variable
        ER  -