Drawing on the Young Men's Cohort of the National Longitudinal Surveys, we examine the long-run effects of teenage labor market experience on subsequent adult wages. Our study expands on earlier work by considering the effects of both unemployment and job mobility during the period of transition...

While the issue of teenage unemployment has received a great deal of attention by policy-makers and the popular press, there is little systematic research on the long-run effects of this experience. This study attempts to address this question by examining the influence of teenage unemployment...

This paper tests the hypothesis that the substantial gains enjoyed by shareholders in target firms during the corporate acquisition boom of the 1980s reflected, in part, shareholders' recouping of the value of “rents†(in the form of wage premiums, higher fringe benefits, and...