In this paper we are concerned with the characteristics of colleges which serve to increase subsequent monetary incomes of those who attend. Usually, lifetime earnings are explained by variables such as innate ability, experience in the labor force and years of education, although other...

The principal justification for minimum wage legislation resides in improving the economic condition of low-wage workers. Most previous analyses of the distributional effects of minimum wages have been confined to simulation exercises employing rather restrictive assumptions that guarantee the...