THE IMPACT OF INTERNSHIPS ON JOB ATTAINMENT: AN APPLIED ANALYSIS OF ECONOMICS AND BUSINESS ADMINISTRATION DEGREES
DOI:
https://doi.org/10.5944/educxx1.22579Keywords:
Internship programs, university-industry relationship, employment, wages, communication skills, problem solving.Abstract
Undergraduate internships are now deeply embedded in highereducation systems. However, they have been largely neglected in
academic research, in particular in the case of Spain. 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 the
Complutense University of Madrid participating in internships during
2012-2016. The results of linear probability models and probit models
show 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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