Local labor markets and human capital investments

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Permanent URL for this page: http://hdl.voced.edu.au/10707/424166.

Author: Weinstein, Russell

Abstract:

[The author studies] whether human capital investments are based on local rather than national demand, and whether this is explained by migration or information frictions. [The author analyzes] three sector-specific shocks with differential local effects, including the dot-com crash, the 2008 financial crisis, and a shock transforming Delaware into an international financial center. [The author finds] universities in areas more exposed to sectoral shocks experience greater changes in sector-relevant majors. Using rich student-level data, [the author finds] this is not explained by...  [+] Show more

Subjects: Labour market; Skills and knowledge; Finance; Employment; Youth

Keywords: Investment; Human capital; Labour demand; Employability; Education work relationship; Labour mobility

Geographic subjects: United States; North America

Published: Bonn, Germany: IZA, 2017

Physical description: [82] p.

Access item:

http://legacy.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10598

Series: IZA discussion paper; no. 10598

Resource type: Discussion paper

Call number: TD/TNC 127.982

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