@TechReport{iza:izadps:dp17487,
            	author={Goehausen, Johannes and Thomsen, Stephan L.},
            	title={Early Career Effects of Entering the Labor Market During Higher Education Expansion},
            	year={2024},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={17487},
            	url={https://www.iza.org/publications/dp17487},
	abstract={We evaluate the labor market effects of an increasing supply of high-skilled labor, resulting from a higher education expansion at established German universities. Exploiting variation in exposure across regions and cohorts, we estimate early career effects for labor market entrants. We find that high-skilled wages decline initially, particularly in non-graduate jobs, but recover over the first five years of experience. Medium-skilled workers are barely affected, while low-skilled workers benefit from higher wage growth in non-routine-intensive jobs. We explain the dynamics of the effects by two countervailing mechanisms: immediate supply effects and gradual technology effects through increasing skilled labor demand.},
	keywords={higher education expansion;labor market entry;wages;regional labor markets},
            }