If no radical changes occur over the next 10 years in the aggregate relationships among college-age cohort sizes, enrollment figures and ratios of doctoral faculty-to-students, the mid-l980's and mid-l900's will see precipitous, but probably temporary declines in the demand for new Ph.D. faculty. Without the implementation of policies designed to offset such cyclical fluctuations, there will be serious consequences for academic research and teaching. Several innovative policies and recommendations to insure a moderate but steady flow of young doctorate scholars into academia are detailed and their consequences in terms of faculty demography and program costs are explained. On the national level, a Junior Scholars Program that would provide limited research positions is recommended. On the institutional level, early retirement programs introduced to fit projected changes in age structure and teaching demand are suggested. The importance of the timing of implementation for any of these programs is stressed. Statistical orojections and summaries of previous related reoorts are appended. (Author/BH)