The Overeducated American? A Review Article.

Autor/inn/en	Smith, James P.; Welch, Finis
Institution	Rand Corp., Santa Monica, CA.
Titel	The Overeducated American? A Review Article.
Quelle	(1978), (57 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Stellungnahme; Blacks; Book Reviews; Cohort Analysis; College Graduates; College Role; Economic Factors; Educational Benefits; Females; Higher Education; Labor Economics; Labor Market; Labor Needs; Social Influences; Success + Suchen Sie Ihr Suchwort? Black person; Schwarzer; Book reviewing; Book review; Rezension; Kohortenanalyse; Hochschulabsolvent; Hochschulabsolventin; Ökonomischer Faktor; Bildungsertrag; Weibliches Geschlecht; Hochschulbildung; Hochschulsystem; Hochschulwesen; Arbeitsökonomie; Labour market; Arbeitsmarkt; Labour needs; Arbeitskräftebedarf; Sozialer Einfluss; Erfolg
Abstract	A review is presented of Richard Freeman's "The Overeducated American," a book that proposes that the U.S. has entered an era in which the college degree cannot be assumed to be a safe avenue to economic success. Focus here is on five of the book's seven main conclusions. Freeman's evidence documenting the new depression for college-educated workers is examined and his model of how the college labor market operates and why the market became depressed in the 1970s is critically summarized. The demographic consequences of the baby boom cohort and speculation on why cohort size may matter for employment and wages is discussed; and an alternative to Freeman's explanation is offered. Welch's findings are contrasted with those of Freeman as they project the future economic viability of college for those entering the labor market in the 1970s. The second half of the review concentrates on Freeman's evidence on how the labor market changes impacted on blacks and women. It is concluded that the data do not reveal an overeducated American but rather relate adjustments to larger entering cohorts. Supporting statistics are cited and a bibliography is included. (PHR)
Anmerkungen	The Rand Corporation, Santa Monica, CA 90406 ($5.00)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC