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Local Labor Markets and Human Capital Investments.
- Source :
- Journal of Human Resources; Sep2022, Vol. 57 Issue 5, p1498-1525, 28p
- Publication Year :
- 2022
-
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. [ABSTRACT FROM AUTHOR]
- Subjects :
- LABOR market
HUMAN capital
CAPITAL investments
GLOBAL Financial Crisis, 2008-2009
Subjects
Details
- Language :
- English
- ISSN :
- 0022166X
- Volume :
- 57
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Journal of Human Resources
- Publication Type :
- Academic Journal
- Accession number :
- 158628104
- Full Text :
- https://doi.org/10.3368/jhr.58.1.1119-10566r2