Beschreibung:
ABSTRACT The period 1966 to 1976 was a decade of change, contrast and challenge. In this article a model is developed and estimated contrasting the labor market experiences of young men who participated in post‐school occupational training during this period with those young men who did not participate. Participation in post‐school forms of occupational training is identified as a significant contributor to individual labor market success during the period and racial differences in returns to training participation are highlighted. The results prompt questions concerning the direction of current federal training policy.