Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/177028 
Year of Publication: 
2017
Series/Report no.: 
IZA Discussion Papers No. 11224
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
I analyze whether reducing geographic distance to high-wage jobs increases access to those employment opportunities. I collect office locations and campus recruiting strategies for over 70 prestigious banking and consulting firms, from 2000 to 2013. Using an event-study framework, I find firms are 2 times more likely to recruit at local universities after opening a nearby office, and 6 times more likely outside industry clusters. New target campuses outside industry clusters are less academically selective. The results suggest place-based policies may improve access to high-wage firms, and also suggest the importance of a university's local labor market for post-graduation outcomes.
Subjects: 
employer recruiting
local labor markets
returns to college
JEL: 
J23
J61
I26
Document Type: 
Working Paper

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