ABSTRACT

This paper studies the main determinants of salaries for economics students in their year-long industrial placements. Using three different sources of data on three cohorts of economics placement students, including demographic characteristics, academic performance, programme of studies and employability-related characteristics, we find that academic performance, job location and industry type are the main determinants of placement salaries. We show not only that students’ academic performance can increase the returns of the placement year due to the possibility of high salaries, but such returns significantly increase at the top of the salary distribution. Students’ previous job experience also matters for high-paying placements. Conversely, demographic characteristics, such as age, nationality and ethnic background, do not appear to determine placement salaries. Finally, we find no evidence of gender differences in wages.

摘要

本文研究了经济学学生在为期一年的工业实习中薪资的主要决定因素。使用三组经济学实习学生的三种不同来源的数据，包括人口特征、学业成绩、学习项目和就业相关特征，我们发现学业成绩、工作地点和行业类型是安置工资的主要决定因素。我们表明，由于高薪的可能性，学生的学业成绩不仅可以增加实习年的回报，而且这种回报在薪资分配的顶部显着增加。学生之前的工作经验对于高薪实习也很重要。相反，年龄、国籍和种族背景等人口特征似乎并不决定安置工资。最后，我们没有发现工资存在性别差异的证据。