Recent cohorts of college enrollees are more likely to work, and work substantially more, than those of the past. October CPS data reveal that average labor supply among 18 to 22-year-old full-time undergraduates nearly doubled between 1970 and 2000, rising from 6 hours to 11 hours per week. In 2000 over half of these "traditional" college…

This paper was presented to a meeting of the Wellington Exchange, an international group of higher education officials, in December 2008. One of the topics of the meeting was around the issue of possible skills shortages emerging as a result of demographic trends, with the ageing of the population of developed countries. The paper argues that this…

Most economists expect the current economic downturn to be one of the most severe since World War II. In fact, there is a very real danger that the changing circumstances of students, families, state and federal governments, and educational institutions could interact to significantly diminish educational opportunity in the United States. The most…