Around 1980, the trend toward racial wage convergence essentially stopped. The author asks whether this break in the convergence trend can be explained by school quality. Department of Education surveys provide earnings data for the high school class of 1972 in 1979 and the class of 1980 in...

To study the problem of widespread youth crime, the author analyzes a time-allocation model in which consumers face parametric wages and diminishing marginal returns to crime. The theory motivates an econometric model that he estimates using data from the National Longitudinal Survey of Youth....