This article documents the expansion of college education in the United States and examines to what extent the increase in the number of college graduates may have lead to a decline in the average quality of college graduates. Using the 1940-90 Census, we compare across birth year cohorts with...

Strong employment protection for regular employment is believed to be a major contributing factor to the gradual decrease in the effectiveness of the human resources allocation mechanism in the Korean labor market.ｏ An increase in productivity does not lead to job creation but increases the...