This paper looks at the joint impact of labour market risk and selection into employment on returns to education estimates. The risk-adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk leads to an increase in returns to high school but to a "decrease" in the returns to college…

It has been commonly held that "children suffer if their mother goes out to work". This research uses several studies--large scale longitudinal data--to look at the development of children whose mothers were employed when those children were very young.

The present paper uses British Household Panel Survey data from 1991 to 2002 to assess the extent to which labour market returns have been influenced by changes in the nature of educational supply. We find that whilst there have been substantial shifts in the returns to schooling over the period, these effects are much more pronounced for younger…

Estimates the rates of return to overeducation in the United Kingdom, using the 1991 British Household Panel Survey. Describes three approaches to analyzing skill utilization and their returns. Analyzes characteristics of the overeducated and undereducated work force. Overeducation is part of an adjustment in the labor market and tends to…