@TechReport{iza:izadps:dp10845, author={Holford, Angus J.}, title={Access to and Returns from Unpaid Graduate Internships}, year={2017}, month={Jun}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={10845}, url={https://www.iza.org/publications/dp10845}, abstract={We use the Destination of Leavers from Higher Education Survey (DLHE) to estimate the socio-economic gradient in access to unpaid internships among English and Welsh graduates six months after completing their first degree, and the return to this internship experience 3 years later in terms of salary, occupation, contract type and career satisfaction. We show a significant salary penalty at 3.5 years after graduation compared with those going straight into paid work or further study, but also that graduates from higher socio-economic status have an advantage in accessing internships while being significantly insulated from their negative effects. }, keywords={job satisfaction;human capital;internships;higher education}, }