There is a large divide in the education, labor market, and personal security outcomes of black and white young males in the United States. This paper develops and estimates a dynamic model of black young males' joint decisions about schooling, labor force participation, and personal security....

In their justification for using entrance cutoff dates and compulsory education laws as a natural experiment, the authors of Angrist and Krueger (1991) rightly give much attention to the effectiveness of compulsory attendance laws. However, the authors do not give proper attention to the...