Note(s): The dependent variable is defined as the difference between the year the first job started and graduation year. The reform is a dummy equal to 1 for those individuals that graduated after the introduction of the reform (see Table 1). In column (2) we used an alternative definition of reform, defined as a dummy equal to 1 for those individuals who turned 14 after the introduction of the reform -see Table 1. Each regression includes a female dummy, a migrant dummy, and field of study's dummies. Robust standard errors in parentheses. ***p < 0.01; **p < 0.05; *p < 0.1