For the average out-of-school youth, teenage unemployment has little effect on the wages earned as an adult. There is indirect evidence that government training programs offset part of the effect of long-term teenage unemployment. (JOW)

Drawing on the Young Men's Cohort of the National Longitudinal Surveys, this study examines the long-run effects of teenage labor market experience on subsequent adult wages. The study expands on earlier work by considering the effects of both unemployment and job mobility during the period of transition from school to work. (Author/SSH)