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∗Paper presented as part of the Seminar on the ESRC's 16‐19 Initiative held at the American Educational Research Association's Annual Conference in San Francisco, March 1989. In addition to data from the Initiative, the paper draws on information collected as part of the Youth Cohort Study which is funded by the Training Agency, the Department of Education & Science and the Department of Employment. The authors would particularly like to acknowledge the Economic and Social Research Council's support in undertaking the present analysis. The opinions and interpretations expressed in the paper remain, however, the sole responsibility of the named authors
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