Paving the Road to College: How School Counselors Help Students Succeed

Rich Lapan and Karen Harrington have recently authored Paving the Road to College: How School Counselors Help Students Succeed. This monograph documents the educational reform contributions of Chicago Public Schools (CPS) school counselors in promoting students’ academic achievement, college readiness, and transition from 8th grade into high school. In addition, this report identifies particular actions that a school district can undertake to better utilize and support school counselor professionals. Specifically it recommends ways to enhance collaboration between principals and school counselors and to reduce the burden of non-counseling task

Factor-Market Distortions and Dynamic Optimal Intervention: Reply

Edward Ray, in his comment on my 1976 paper, analyzes a slightly different model than the one I presented, and thus reaches different conclusions. His principal conclusions are that: (i) given wage rigidities, a wage subsidy to producers is needed, and this subsidy is equivalent to the optimal static subsidy that ensures full employment in each sector; and (ii) given the forced equilization of wages across sectors, a subsidy to workers is needed to encourage labor transfers between sectors. Thus, Ray finds that full employment is always desirable, whereas I find that some unemployment is (usually) present along the optimum path

International Trade, Factor-Market Distortions, and the Optimal Dynamic Subsidy: Reply

James Cassing and Jack Ochs\u27 comment is, I believe, a very interesting extension of the analysis of my paper. Their two basic results are: (i) that congestion will occur in the search for jobs; and (ii) that given costly labor mobility, private decisions regarding voluntary quits will yield a socially optimal adjustment path if individuals have perfect foresight and if there is no congestion (externality) in the search process. Thus, they argue that even if factor prices are not rigid, the presence of congestion in the search process implies private decisions will not be socially optimal, and therefore that a subsidy will be needed to support the optimal plan

Dynamic Duopoly Theory and Rational Expectations

The determination of equilibrium prices and quantities in an oligopolistic market has been a troublesome problem for economic theory# The intrinsic nature of the problem is the interdependence of firms - the profit level of any firm depends upon not only aggregate demand and its own output level, but also on the output level of other firms. Thus, each firm, in choosing its own output level, needs to make some behavioral assumption —or conjecture - about how other firms will respond to these changes in output