A simplified model is constructed to analyze the role played by vocational training programs In high schools. The model assumes that there are two kinds of educational programs in high schools, vocational and general. It also assumes that there are two types of jobs for high school graduates....

This paper analyzes the school enrollment and labor supply decisions of teenagers and young adults as jointly deter-mined outcomes. The empirical results are based on an application of discrete multivariate analysis to a sample taken from the Survey of Income and Education. Higher relative wage...

Employer-sponsored group pension plans offer an unusual window into long-term employment relationships. This is because the pension promise is documented in a set of explicit statements regarding future payment and employment agreements between workers and their employers. In this paper, we show...

Pensions have played a key role in the transformation of the way workers are paid in the US labor market This paper reviews and synthesizes what is known about the form and function of employer-provided pensions, and identifies areas where further information is most needed. for increasing our...