Geography and Employer Recruiting

57 Pages Posted: 27 Dec 2017 Last revised: 26 May 2022

See all articles by Russell Weinstein

Russell Weinstein

University of Illinois at Urbana-Champaign - School of Labor & Employment Relations; University of Illinois at Urbana-Champaign - Department of Economics

Abstract

I analyze whether reducing geographic distance to high-wage jobs increases access to those employment opportunities. I collect office locations and campus recruiting strategies for over 70 prestigious banking and consulting firms, from 2000 to 2013. Using an event-study framework, I find firms are 2 times more likely to recruit at local universities after opening a nearby office, and 6 times more likely outside industry clusters. New target campuses outside industry clusters are less academically selective. The results suggest place-based policies may improve access to high-wage firms, and also suggest the importance of a university's local labor market for post-graduation outcomes.

Keywords: returns to college, employer recruiting, local labor markets

JEL Classification: J23, J61, I26

Suggested Citation

Weinstein, Russell, Geography and Employer Recruiting. IZA Discussion Paper No. 11224, Available at SSRN: https://ssrn.com/abstract=3092568

Russell Weinstein (Contact Author)

University of Illinois at Urbana-Champaign - School of Labor & Employment Relations ( email )

504 East Armory Avenue
Champaign, IL 61820-6297
United States

HOME PAGE: http://publish.illinois.edu/RussellWeinstein

University of Illinois at Urbana-Champaign - Department of Economics ( email )

410 David Kinley Hall
1407 W. Gregory
Urbana, IL 61801
United States

HOME PAGE: http://publish.illinois.edu/RussellWeinstein

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