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Title: Job Competition versus Wage Competition: An Analysis of Competing Models
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Baktari, Paul |
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Job Competition versus Wage Competition: An Analysis of Competing Models Ph.D. Dissertation, West Virginia University, 1980 Cohort(s): Young Men Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Educational Returns; Labor Supply; Overeducation In the 1970s, job opportunities and occupational attainment for individuals leaving school underwent an unprecedented downturn. Factors which led to the deterioration of employment opportunities for high school and college graduates were due partly to changes in the supply and demand for educated workers. The increase in the supply of college-trained workers was not matched by a similar increase in demand. The predictions of two competing models used to explain labor market behavior, the wage-competition and the queuing models are tested. To test the predictions of the two models, young white males 14 to 24 years old with different educational backgrounds were selected from the NLS during their first year of entry to the labor market covering the decade from 1966 to 1976. The finding partially supported both of the labor market models, thus demonstrating the value of using queue theory in conjunction with neoclassical theory in studies on the labor market. The results indicated that for high school and college graduates, the relative changes in supplies increased competition both within and between these groups. However, to the extent that changes in supply were caused by the size of the baby boom cohort, implications for investment in education for future cohorts are unclear. |
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Bibliography Citation
Baktari, Paul. Job Competition versus Wage Competition: An Analysis of Competing Models. Ph.D. Dissertation, West Virginia University, 1980. |