The Impact of Internships on Job Attainmentan Applied Analysis

1. Gisela Di Meglio
2. Andrés Barge Gil
3. Ester Camiña Centeno
4. Lourdes Moreno Martín

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Abstract

Undergraduate internships are now deeply embedded in higher education systems. However, they have been largely neglected in academic research. The aim of this paper is to analyze the effect of internships on the employability and wages of students. The degree of satisfaction with work placements and their perceived usefulness is also examined. The study is based on data gathered from economics and business administration students of Complutense University of Madrid participating in internships during 2012-2013 and 2015-2016. By means of linear probability models and probit models, we find that internships allowing for the development of communication skills and problem management abilities improve the probability of being employed and earning higher salaries, respectively. Furthermore, greater satisfaction of students and perceived usefulness of internships is closely related to gaining ICT-related skills.

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