8. Cobweb and Incomplete Adjustment in Other College Markets

Chapters in this book

1. Frontmatter i
2. Acknowledgments v
3. Contents vii
4. Tables xi
5. Figures xvii
6. Introduction xix
7. 1. The Economic Theory of Occupational Choice 1
8. 2. Models of the Labor and Education Markets 16
9. 3. Developments in the Market for Highly Specialized Workers after World War II 33
10. 4. The Cobweb Pattern: the Bachelor of Science in Engineering 55
11. 5. The Income of Doctorate Specialists 76
12. 6. Stipend Income and Educational Subsidies 100
13. 7. The Incomplete Adjustment Pattern: Doctorate Manpower 116
14. 8. Cobweb and Incomplete Adjustment in Other College Markets 139
15. 9. Demand for Education and the Market for Faculty 160
16. 10. Career Plans and Occupational Choice 180
17. 11. Expectations and Marginal Decision-Making 202
18. 12. Policy and Research Implications 227
19. Appendices, notes, index
20. Appendix A. Computation of Incremental Taxes 233
21. Appendix B. Questionnaire and Representative Response 235
22. Appendix C. Analysis of the Response Bias 241
23. Notes 243
24. Index 261