The author examines the educational and labor market outcomes of young men in the United States, with a particular emphasis on adolescent fathers. She finds that men who were teen fathers complete fewer years of education and are less likely to finish high school compared to men who were not teen fathers. These educational deficits persist even after family and personal characteristics are taken into account. Teen fathers enter the labor market earlier and initially earn more money than do other men; by the time teen fathers reach their mid-20s, however, they earn less. After controlling for personal traits and family background, the long-term earnings deficits of teen fathers disappear, implying that teen fathers are as capable of providing for their children as are other young men from similarly disadvantaged backgrounds. Unfortunately, this will not ease the jobs of child support enforcement officials, who must regularly confront young, low-income, absent fathers and/or improve the plight of welfare-dependent and other impoverished children. Data are from the National Longitudinal Survey of Labor Market Participation—Youth Cohort.