%0 Report
        %A Goehausen, Johannes
%A Thomsen, Stephan L.
        %T Early Career Effects of Entering the Labor Market During Higher Education Expansion
        %D 2024
        %8 2024 Nov
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 17487
        %U https://www.iza.org/publications/dp17487
        %X 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.
        %K higher education expansion
%K labor market entry
%K wages
%K regional labor markets