Choices At the start of their career individuals are assumed to receive with certainty a job offer and an offer for apprenticeship The former involves a wage and a non-pecuniary benefit. The latter a cost shock as well as a wage and benefit We do not model the wait from school to any of the two state aboveChoices • At the start of their career individuals are assumed to receive with certainty a job offer and an offer for apprenticeship. • The former involves a wage and a non-pecuniary benefit. The latter a cost shock as well as a wage and benefit. • We do not model the wait from school to any of the two state above