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College Labor Market: Outlook, Current Situation, and Earnings

机译:大学劳动力市场:展望,现状和收益

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In 'More College Graduates May Be Chasing Fewer Jobs', Kristina J. Shelley points out that underutilization among college graduates will worsen in coming years--barring extraordinarily rapid increases in educational requirements within occupations. On the other hand, Daniel E. Hecker's 'College Graduates: Do We Have Too Many or Too Few' shows that earnings of college graduates relative to high school graduates rose sharply during the 1980's -- a condition associated with labor shortages for college graduates, according to traditional economic theory. He attributes the rise in relative earnings for college graduates not to a shortage of college graduates but to a deterioration in the job market for male high school graduates.

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