Abstract
The aim of this study is to analyze the influence of internship experiences on the employment and wages of millennials during their college years to understand the actual labor market outcomes of internships. For this purpose, we utilized data from the 2020 Graduate Occupational Mobility Survey (GOMS 2019) to estimate a probit model and a wage equation using Heckman two-stage model. First, the model validity analysis confirms that the Heckman's sample selection model is statistically significant for this study, exhibiting a negative correlation, with smaller wages having a higher probability of being selected into the sample. Second, the first-stage of Heckman’s probit model analyzed the effects of internship experiences on employment, revealing that internships positively impact employment prospects. This impact was statistically significant with regard to gender, academic grade, metropolitan region, and the father's level of education. Third, in Heckman's two-stage wage equation estimation, it was found that internship experience did not influence wages, wherein the study showed that regular employees earned approximately 22% more than non-regular employees.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
