We address the role of youths` own choice-conditioned expectations in understanding their schooling choices by constructing a choice (or quot;switchingquot;) model. We emphasize the effect of individual student perceptions regarding the returns associated with graduating from high school versus...

Joblessness among American youth, particularly among non-whites, has become an issue of increasing national concern. Unemployment rates among such groups, even when adjusted for macroeconomic events such as recessions, continued to rise throughout the post-war period. Statistics also appear to...