In the nation today, 4.6 million young adults ages 16 to 24 are out of school and unemployed. More than one-third live in poverty. For these young people, commonly referred to as opportunity youth, building skills and gaining work experience are key to upward mobility. However, they face significant barriers to entering the labor market.…

This paper proposes a theory on how students' social background affects their school attainment and job opportunities. I study a set-up where students differ in ability and social background, and I analyse the interaction between a school and an employer. Students with disadvantaged background are penalised compared to other students: they receive…

Over the last several years, the media, higher education researchers, and an increasing number of policymakers have pointed to the growing levels of individual and aggregate student loan debt in the United States. At approximately $1.2 trillion, outstanding student loans have surpassed credit cards as the second largest form of consumer debt in…

Employer subsidies such as the Work Opportunity Tax Credit (WOTC) and the Welfare-to-Work Tax Credit (WtW) are designed to encourage employment by partially reimbursing employers for wages paid to certain welfare recipients and other disadvantaged workers. In this paper, I examine the effects of these subsidies on employment, wages, and job tenure…

THE FIFTH ANNUAL CATALOG OF CONTRACT AND GRANT RESEARCH UNDER THE MANPOWER ADMINISTRATION OF THE DEPARTMENT OF LABOR DESCRIBES PROJECTS CONCERNED WITH THE IMPACT OF TECHNOLOGICAL CHANGE, ADEQUACY OF JOB PREPARATION, UNEMPLOYMENT OF THE YOUNG, THE NON-WHITE, AND OTHER SPECIAL GROUPS, AND THE WASTE OF HUMAN RESOURCES IN RURAL AREAS. THE…