about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a … 1970 and 1975. Using the Quarterly Labour Force Survey, we find that the expansion caused men to increase education by … similar increase in wages. Clearly, there was a sizeable gain from being born late enough to take advantage of the greater …

-specific inputs in production. In an equilibrium model of the U.S. labor market, we examine the responses of employment and wages to …