The evolution of the B- and K-band luminosity functions of galaxies is
inferred in a relatively model-independent way from deep spectroscopi
c and photometric surveys. We confirm earlier evidence by Eales for an
increase in the amplitude of the B-band galaxy luminosity function at
modest redshift (z less than or similar to 0.2). We find in addition
that the slope of the faint end of the luminosity function must system
atically steepen and progress toward more luminous galaxies with incre
asing lookback time, assuming that the galaxy redshift distribution ma
y be smoothly extrapolated 2 mag fainter than observed, as suggested b
y recent gravitational lensing studies. This evolution is shown to be
color-dependent, and we predict the near-infrared color distribution o
f faint galaxies. The luminosity function of blue (B-K less than or si
milar to 4) galaxies in the range 0.2 less than or similar to z less t
han or similar to 1 can be represented by a Schechter function with ch
aracteristic light density phi()L(*) comparable to that of present-da
y late-type galaxies, but with a steeper faint end slope alpha approxi
mate to 1.4.