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This thought-provoking study of academic job markets over the next quarter century uses rigorous analysis to project substantial excess demand for faculty starting in the 1997-2002 period. Particularly severe imbalances are projected in the humanities and social sciences. Contrary to popular impressions, however, these projected shortages are not caused by any unusual "bunching" of retirements. The authors' discussion of factors affecting the outlook for academic employment includes information on changes in the age distributions of faculties, trends in enrollment, shifts in the popularity...