Education Of Seniors Research Articles

EFFECTS OF ECONOMIC DISADVANTAGED STATUS AND SECONDARY VOCATIONAL EDUCATION ON ADOLESCENT WORK EXPERIENCE AND POSTSECONDARY ASPIRATIONS

Data from theNational Education Longitudinal Study: 1988-94 (1996)was used to examine participation in secondary vocational education, work experiences, and postsecondary aspirations of high school seniors (in 1992) on the basis of disadvantaged status. Nondisadvantaged youth and vocational track participants were more likely to be employed than peers experiencing economic disadvantage and those with limited or no vocational education involvement, respectively. Adolescents who were enrolled in a vocational track or program were more likely to be employed over 20 hours per week than other adolescents. Vocational participants and economically disadvantaged youth with limited or no vocational involvement expressed low educational and occupational aspirations.

Contents of volume 57

The United States is aging, and many baby boomers are reaching or will soon reach the retirement age of sixty-five. At the same time, Millennials—the largest generation in U.S. history—have faced problems of high rents relative to incomes, and volatility in housing markets. These shifts are reigniting debates about how changes in age structure will affect housing and labor markets.To address some of these concerns, we revisit Green and Hendershott (1996) and analyze the links between the willingness to pay for a constant-quality house and demographics using microdata from the 1990 and 2000 Censuses and from the 2006, 2010, and 2014 American Community Surveys. The results generally reconfirm what Green and Hendershott (1996) found; The massive demographic shift will not result in another housing crisis on its own. This is because the education and income levels of current and future seniors are still relatively high, leading them to consume more than previous generations. Also, the size of the Millennial generation will drive the growth of aggregate housing demand, although the growth of per household housing demand may be relatively modest.