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ERIC Number: ED131789
Record Type: RIE
Publication Date: 1976-Feb
Pages: 42
Abstractor: N/A
Reference Count: 0
The Decline in the Economic Rewards to College Education.
Freeman, R. B.
Documented is the deterioration in the job market for college graduates in the early 1970's. It is shown that young male graduates were the group most sharply affected by the changing market and that, under reasonably plausible postulates about future income streams, the rate of return to college has dropped by 2 to 4 percentage points. Evidence shows that the decline in the market for graduates in the 1970's represents a relatively new development that cannot be readily attributed to cyclic changes. The concentration of change among young workers suggests the value of further analysis of the "active market" hypothesis: that shifts in supply and demand have their primary effect on new entrants, who do not hold relatively permanent positions within enterprises. (Author)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A