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A puzzle in the recently stagnated economy of Jamaica is that high rates of unemployment have persisted even when real wages have been increasing. This paper examines aspects of the labor supply in an effort to understand why high rates of unemployment have existed with increasing real wages. This is a sign of a badly functioning labor market. The cross-sectional analysis suggests that remittances have some impact on labor supply, especially on labor market participation. The pseudo panel data analysis also confirms that remittances have a strong impact on labor participation but not on weekly working hours. Households with remittance income have a higher reservation wage and have reduced the supply of labor by moving out of the labor force.

Finance and Financial Sector Development --- Financial Literacy --- Finding Jobs --- Health, Nutrition and Population --- High Unemployment --- High Unemployment Rates --- High Wage --- Job --- Labor --- Labor Force --- Labor Force Participation --- Labor Market --- Labor Markets --- Labor Policies --- Labor Productivity --- Labor Supply --- Population Policies --- Real Wage --- Real Wages --- Service Sector --- Social Protections and Labor --- Unemployment --- Unemployment Rate --- Unemployment Rates --- Worker --- Workers

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Few books have ever made their presence felt on college campuses—and newspaper opinion pages—as quickly and thoroughly as Richard Arum and Josipa Roksa’s 2011 landmark study of undergraduates’ learning, socialization, and study habits, Academically Adrift: Limited Learning on College Campuses. From the moment it was published, one thing was clear: no university could afford to ignore its well-documented and disturbing findings about the failings of undergraduate education. Now Arum and Roksa are back, and their new book follows the same cohort of undergraduates through the rest of their college careers and out into the working world. Built on interviews and detailed surveys of almost a thousand recent college graduates from a diverse range of colleges and universities, Aspiring Adults Adrift reveals a generation facing a difficult transition to adulthood. Recent graduates report trouble finding decent jobs and developing stable romantic relationships, as well as assuming civic and financial responsibility—yet at the same time, they remain surprisingly hopeful and upbeat about their prospects. Analyzing these findings in light of students’ performance on standardized tests of general collegiate skills, selectivity of institutions attended, and choice of major, Arum and Roksa not only map out the current state of a generation too often adrift, but enable us to examine the relationship between college experiences and tentative transitions to adulthood. Sure to be widely discussed, Aspiring Adults Adrift will compel us once again to re-examine the aims, approaches, and achievements of higher education.

College graduates --- College graduates --- Education, Higher --- Education, Higher --- College graduates --- Social conditions. --- Employment --- Social aspects --- Public opinion. --- Attitudes. --- sociology, social science, teaching, learning, college campuses, socialization, study habits, undergraduate education, working world, interviews, detailed surveys, recent graduates, transition to adulthood, finding jobs, stable romantic relationships, financial responsibility, hopeful, upbeat, optimistic, standardized tests, general collegiate skills, adulting, job seekers.