As young people progress with their education and their early careers, they find themselves pushed forward or held back at critical junctures without full regard for their individual capabilities. Their paths are too often defined less by their talents and more by characteristics such as their race/ethnicity, gender, and socioeconomic or class…

Recent studies have found a large earnings premium to attending a more selective college, but the mechanisms underlying this premium have received little attention and remain unclear. In order to shed light on this question, I develop a multidimensional signaling model relying on college grades and selectivity that rationalizes students' choices…

We show that the narrowing gender gap and the growth in earnings inequality are consistent with a simple model in which skills are heterogeneous, and the growth in skill prices has been particularly strong for skills with which women are well endowed. Empirical analysis of DOT, CPS, and NLSY79 data finds evidence to support this model. A large…

In this article, we consider how the economic return to a college education varies across members of the U.S. population. Based on principles of comparative advantage, scholars commonly presume that positive selection is at work, that is, individuals who are most likely to select into college also benefit most from college. Net of observed…

Recent data from the National Longitudinal Survey of Youth (NLSY) were used to examine the validity of the traditional human capital model, which predicts that training lowers starting wages and increases wage growth. The primary data sample was restricted to those 4,309 members of the NLSY sample who were working for pay and not enrolled in…

National Longitudinal Survey of Youth data characterizing a racially heterogeneous sample of 1,897 male and female high school graduates were analyzed to determine the impact of employment while in high school on subsequent wages. The sample was segmented by gender and amount of work experience gained while in high school, and several wage models…

This paper uses a game-theoretic model to analyze the disincentive effects of low-tuition policies on student effort. The model of parent and student responses to tuition subsidies is then calibrated using information from the National Longitudinal Survey of Youth 1979 and the High School and Beyond Sophomore Cohort: 1980-92. I find that although…

The changes in career development and upward mobility in response to recent changes in the U.S. labor market were examined in a study that included an analysis of data from the National Longitudinal Survey of Young Men and the National Longitudinal Survey of Youth. Analysis of the data, which covered the period 1966-1994, established that the…