Using data from two longitudinal surveys of American high school seniors, the authors show that basic cognitive skills had a larger impact on wages for twenty-four-year-old men and women in 1986 than in 1978. For women, the increase in the return to cognitive skills between 1978 and 1986...

As the current recession ends, many workers will not be returning to the jobs they once held--those jobs are gone. In The New Division of Labor, Frank Levy and Richard Murnane show how computers are changing the employment landscape and how the right kinds of education can ease the transition to...