Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240390 
Year of Publication: 
2020
Series/Report no.: 
CHCP Working Paper No. 2020-1
Publisher: 
The University of Western Ontario, Centre for Human Capital and Productivity (CHCP), London (Ontario)
Abstract: 
We present the first study of the high school-to-work transition for American Mil- lennial males and females. Using data from the PSID Transition to Adulthood from 2005-2011, we estimate the Burdett and Mortensen (1998) model and study changes between Generation X and Millennials. We find convergence in racial differences in transition patterns across the generations and in gender earnings by the Great Reces- sion. These patterns are driven by a large decline in search efficiencies for white males. Finally, we show the labor market deteriorated for high school graduates prior to, with a further decline during, the Great Recession.
Subjects: 
Millennials
school-to-work
search frictions
early career outcomes
Document Type: 
Working Paper

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