TY  - RPRT
        AU  - Goehausen, Johannes
AU  - Thomsen, Stephan L.
        TI  - Early Career Effects of Entering the Labor Market During Higher Education Expansion
        PY  - 2024/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 17487
        UR  - https://www.iza.org/publications/dp17487
        AB  - 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.
        KW  - higher education expansion
KW  - labor market entry
KW  - wages
KW  - regional labor markets
        ER  -