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This paper studies the phenomenon of early hiring in entry-level labor markets affected by social networks.
This study examines the impact of fluctuations in entry-level labor market conditions on the graduate school enrollment decisions of newly minted undergraduate degree holders.
"For our operation, we're not buying entry-level labor, but if entry-level labor goes up a huge amount, everything goes up," said Robert Bleu, the president of True World Group, a seafood distributor and consultant that also owns a sushi restaurant in Chicago.
Using repeated cross-section data for recently graduated science and engineering undergraduates from the National Survey of Recent College Graduates, and state-level unemployment rates to measure entry-level labor market conditions, we find that advanced degree enrollment patterns vary across the business cycle by undergraduate major, GPA, gender, and advanced degree type.
The initial impact of a recession is stronger for groups more sensitive to temporary fluctuations of labor demand in the entry-level labor market.
As the cost to hire, train, and retain entry-level labor has been pushed steadily higher by Sen. Harkin and others, gas stations have discovered that it's far less expensive to let the customer pump it themselves, and grocery stores have realized that customers don't mind bagging their own groceries.
Similar(53)
Another set of field studies, in which I have been involved (in order to practice what I preach), is the study of various entry level labor markets.
1.Roth, A.E. "A Natural Experiment in the Organization of Entry Level Labor Markets: Regional Markets for New Physicians and Surgeons in the U.K ., American Economic Review, vol. 81, June 1991, 415-440.
But a natural direction in which to extend this research is to decentralized entry level labor markets, some of which exhibit the kinds of failures which can now be interpreted as symptoms of instabilities, and others which do not.
Two-sided matching models have proved useful in the empirical study of labor markets, starting with the demonstration in Roth (1984) that since the early 1950's the entry level labor market for American physicians has been organized in a way that produces (predominantly) stable matchings.
Present it well: This universal truth applies whether you're applying for an entry level labor position, a management position, or a technical position – no matter how experienced, or how well qualified you may be, if you don't present your Knowledge, Skills, and Abilities (KSAs) in a manner which sets you apart from the rest of the crowd, you're just gambling with your future.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com