In the 21st century knowledge economy, education plays an increasingly important role in preparing new labor market entrants for the workforce and providing skill upgrading throughout the working career. The vital role of education is propelled by the rapid pace of technological change, as well...

Year 2005 brought four severe hurricanes to the U.S. Gulf states, including Hurricane Katrina, an exceptional storm in terms of its magnitude of destruction. The authors examine the short- and long-term effects of Hurricane Katrina on the labor market outcomes of prime age individuals in the...