differences defined by technology. In the aggregate time series relative unemployment is defined by educational unemployment … hiring and training response is quicker than the wage response. We also observe in time series that the pace of technology … technology, maturing of the workforce, and growth of international trade reduce unemployment in the longer run. The same …

The current high rates of return to human capital stimulate a supply response via increased investments in education … differential in wages. This paper reports estimates of: the responses of investments in post-secondary education, measured by …

A major benefit of education is the lower risk of unemployment at higher educational levels. In PSID (Panel Study of …