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Author: Wise, David A.
Resulting in 1 citation.
1. Freeman, Richard B.
Wise, David A.
Youth Labor Market Problem: Its Nature, Causes, and Consequences
In: Youth Labor Market Problem: Its Nature, Causes, and Consequences. R. Freeman, et al., eds. Chicago, IL: University of Chicago Press, 1982
Cohort(s): Young Men
Publisher: University of Chicago Press
Keyword(s): Employment; Teenagers; Vocational Education; Wages; Work Experience

This article elaborates on the findings of the National Bureau of Economic Research (NBER) on the nature of youth employment, the causes of changes in youth employment rates over time, the causes of individual differences in employment experiences, and the consequences of youth unemployment. The authors find that lack of employment is not a severe problem for the vast majority of youth. Black youths are less likely to be employed than white youths, but once employed the two groups have similar wage rates. Vocational training in school, in contrast to work experience and academic performance, is shown to be unrelated to employment and wages. The authors also find that early employment experience has virtually no effect on later employment after controlling for persistent characteristics of individuals, and that wages earned upon entry into the labor force do not affect wage rates earned a few years later. Not working in earlier years is shown to affect subsequent wages negatively.
Bibliography Citation
Freeman, Richard B. and David A. Wise. "Youth Labor Market Problem: Its Nature, Causes, and Consequences" In: Youth Labor Market Problem: Its Nature, Causes, and Consequences. R. Freeman, et al., eds. Chicago, IL: University of Chicago Press, 1982