@techreport{NBERw5030,
 title = "Is High School Employment Consumption or Investment?",
 author = "Christopher J. Ruhm",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "5030",
 year = "1995",
 month = "February",
 URL = "http://www.nber.org/papers/w5030",
 abstract = {Using data from the National Longitudinal Survey of Youth, this study examines whether employment by high school students improves or worsens economic attainment 6 to 9 years after the scheduled date of high school graduation.  There is no indication that light to moderate job commitments ever have a detrimental impact and hours worked during the senior grade are positively correlated with future earnings, fringe benefits, and occupational status.  These results are robust across a variety of specifications and suggest that employment increases net investments in human capital and facilitates the school- to-work transition, particularly towards the end of high school and for students not continuing on to college.},
}