Human capital earnings functions typically explain a small fraction of the total variation in earnings. The considerable uncertainty associated with expected future earnings streams enhances the desirability of a loans scheme for higher education possessing income contingent characteristics on...

This paper uses unit record data from the 1985 Australian Longitudinal Survey to review the major features of the youth labor market. Education plays an important role in determining the incidence of unemployment, wages, hours of work, and access to training opportunities. The probability of...

The Australian unemployment assistance scheme possesses two major features which differentiate it from North American programs. First, no qualifying period of employment is necessary. Second, benefits may be paid for an unlimited period. Analysis of the individual's work-leisure choice provides...

The underlying motivation for much of the research into the determinants of occupational attainment is to enable inferences to be made as to the relative position of various groups at a point in time, or an individual's economic mobility over time. In this paper we compare unordered and ordered...