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). Regressions in column (1) and (2) include a female dummy, a migrant dummy, and field of study's dummies, while regression in column (3) and (4) include only a female dummy and a migrant dummy. Robust standard errors in parentheses. ***p < 0.01; **p < 0.05; *p < 0.1