This paper studies the transition from school to full-time employment and subsequent labor mobility during the first five postschooling years for several recent cohorts of black and white male "terminal" high school graduates using unique data from the 1979 youth cohort of the National...

This paper formulates and estimates a finite-horizon, structural dynamic model of agricultural investment behavior that incorporates the major features of low-income agricultural environments: income uncertainty, constraints on borrowing and rental markets, and the use of investment assets to...

This paper provides structural estimates of a dynamic model of schooling, work, and occupational choice decisions based on eleven years of observations on a sample of young men from the 1979 youth cohort of the National Longitudinal Surveys of Labor Market Experience (NLSY). The authors find...