Are highly educated workers better at locating in areas with high labor demand? To answer this question, I use three decades of U.S. Census data to estimate a McFadden-style model of residential location choice. I test for education differentials in the likelihood that young workers reside in states experiencing positive labor demand shocks at the…

The author feels that the income advantage of a male college graduate has fallen during the past 10 years. This is due in part to the difficulty college graduates have encountered in obtaining college-type jobs. He states that the job market for new graduates in the 1980s should improve. (CT)

The paper examines the quantitative dimensions, causes, and consequences of the "new depression" in the college job market due to the changes in the industrial structure and continued growth of supply. (Author/BP)

Examines the quantitative dimensions, causes, and consequences of the "new depression" in the college job market, explaining the downturn as slackened demand due to changes in industrial structure and growth of supply, and finding that the fraction of young men choosing college fell in the seventies in response to the market. (Editor/JT)