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December 1995, Vol. 118, No. 12

Are more college graduates really taking 'high school' jobs?

John Tyler
Doctoral Student, Harvard School of Education

Richard J. Murane
Professor, Harvard School of Education.

Frank Levy
Rose Professor of Urban Economics, Massachusetts Institute of Technology.

A disaggregation of data by gender, age, and time period is needed to separate widespread anecdotes and misinterpretations from the facts. Some have written that the economy is generating college graduates faster than it is generating jobs for those graduates; potential college students and those who design educational policy ignore this fact at their peril. This article demonstrates, however, that the warning is largely misguided and that a college education continues to have significant economic value.

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