An analysis of the argument that a market imperfection (wage differentials and queuing caused by unions) raises the marginal social product (MSP) of college education above the average before-tax private wage premium (APP) for college (this discrepancy is called a union-Q-nality) focuses on verifying five hypotheses: (1) Workers with identical…

A study was conducted to determine the effect of participation in vocational education on labor market experience immediately after high school. Data were gathered in March and April of 1980 while the young people were seniors in high school, and again two years later. The first wave of data contained various measures of education and grades in…