The paper specifies mathematically the demand and supply functions for interacting factor markets to characterize the impact of alternative antipoverty programs. Wage subsidies were found to be the most transfer-efficient, implying that education and training is the most cost-effective means of aiding the low-skilled. (MF)

Three articles discuss Bureau of Labor Statistics projections of occupational employment growth. Bishop and Carter predict a continuing escalation of wage premiums for college graduates; Kutscher concedes the validity of some of Bishop and Carter's points but denies the shortage. Bishop and Carter respond with census figures. (SLD)