Local Labor Markets and Human Capital Investments

Russell Weinstein

Journal of Human Resources, 2022, vol. 57, issue 5, 1498-1525

Abstract: I study whether human capital investments are based on local rather than national demand, using two positive and two negative shocks with differential local effects: the dot-com crash, the fracking boom, the 2008 financial crisis, and the shock making Delaware a financial headquarters. I find impacts on the share of sector-relevant degrees awarded following these shocks, on average across the United States. However, universities in areas more exposed to sectoral shocks experience greater changes in sector-relevant majors. Differential impacts on major choice at the most exposed universities account for 15–45 percent of the overall national effect on sector-relevant degrees.

JEL-codes: I20 J24 R12 (search for similar items in EconPapers)
Date: 2022
Note: DOI: 10.3368/jhr.58.1.1119-10566R2
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Local Labor Markets and Human Capital Investments (2017)
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