This study uses Current Population Survey cohort data and the National Longitudinal Survey for men aged 14-24 in 1966 to examine the earnings growth of college graduates relative to high school graduates during the 1970s depressed market for graduates. The principal finding is that the...

This study uses Current Population Survey cohort data and the National Longitudinal Survey for men aged 14-24 in 1966 to examine the earnings growth of college graduates relative to high school graduates during the 1970s depressed market for graduates. The principal finding is that the...

Frontmatter -- Acknowledgments -- Contents -- Tables -- Figures -- Introduction -- 1. The Economic Theory of Occupational Choice -- 2. Models of the Labor and Education Markets -- 3. Developments in the Market for Highly Specialized Workers after World War II -- 4. The Cobweb Pattern: the...