Abstract
This study examines the entry of young people into the full-time labour market. A model is presented in which young people are considered as decision makers in relation to both school and the labour market. School participation, in part, func tions as a short-term buffer for fluctuations in slackness of the labour market. The model satisfactorily describes data for New Zealand in the period 1966 to 1981. Implications are derived for the determination of 'hidden unemployment' among young people, and also for appraisal of duration of schooling as an indication of quality of labour force entrants.
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