TY  - JOUR
AU  - Gustman,Alan L.
AU  - Steinmeier,Thomas L.
TI  - The Impact of the Market and the Family on Youth Employment and Labor Supply
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 415
PY  - 1982
Y2  - 1982
UR  - http://www.nber.org/papers/w0415
L1  - http://www.nber.org/papers/w0415.pdf
N1  - Author contact info:
Alan L. Gustman
Department of Economics
Dartmouth College
Hanover, NH  03755-3514
Tel: 603/646-2641
Fax: 603/646-2122
E-Mail: ALAN.L.GUSTMAN@DARTMOUTH.EDU

Thomas Steinmeier
Department of Economics
Texas Tech University
Lubbock, TX 79409
E-Mail: thomas.steinmeier@ttu.edu
AB  - This paper analyzes the school enrollment and labor supply decisions of teenagers and young adults as jointly deter-mined outcomes. The empirical results are based on an application of discrete multivariate analysis to a sample taken from the Survey of Income and Education. Higher relative wage offers are found to reduce the probability of a youth enrolling in school and to increase labor supply. However, the estimated impacts are very sensitive to adjustments made for the possibility that wage rate offers by firms are higher for full-time than for part-timework. Job availability, as measured by the local youth unemployment rate, has its strongest effect on the probability of enrollment and full-time labor force participation for nonwhite males, accounting, in the extreme, for a difference in this probability of almost 50 percent. Since a wage measure is included as an independent variable, we can be sure that the job availability measure is not acting as a surrogate for an absent wage variable, but instead has an impact of its own. Specific findings on the influence of various family and market characteristics are compared to those from earlier studies.
ER  -