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ERIC Number: EJ946858
Record Type: Journal
Publication Date: 2011-Dec
Pages: 22
Abstractor: As Provided
Reference Count: 24
ISSN: ISSN-1673-341X
Earnings Expectation and Graduate Employment: Evidence from Recent Chinese College Graduates
Po, Yang
Frontiers of Education in China, v6 n4 p549-570 Dec 2011
Chinese college graduates have faced increasing labor market competition since the expansion of tertiary education. Given rigid market demand, graduates with realistic earnings expectations may experience a more efficient job search. Using the 2008 MYCOS College Graduate Employment Survey, this study finds that a 1000 yuan reduction in a graduate's reservation wage can significantly increase the probability of finding a job by 66% and increase the likelihood of being employed six months after graduation by 92%. In addition, the gap between the reservation wage and the market wage has a positive impact. By slightly adjusting earnings expectations, college graduates can significantly improve job search efficiency. Market wages should be seen as reference points when adjusting income expectations.
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: China