Titelaufnahme

Titel
Local labor markets and human capital investments / Russell Weinstein (Rensselaer Polytechnic Institute and IZA) ; IZA, Institute of Labor Economics
VerfasserWeinstein, Russell In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, February 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (33 Seiten, 14 ungezählte Seiten, 12 Seiten, 21 Seiten) : Diagramme
SerieDiscussion paper ; no. 10598
URNurn:nbn:de:hbz:5:2-115148 Persistent Identifier (URN)
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Volltexte
Local labor markets and human capital investments [2.23 mb]
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Zusammenfassung

I study whether human capital investments are based on local rather than national demand, and whether this is explained by migration or information frictions. I analyze three sectorspecific shocks with differential local effects, including the dot-com crash, the 2008 financial crisis, and a shock transforming Delaware into an international financial center. I find universities in areas more exposed to sectoral shocks experience greater changes in sectorrelevant majors. Using rich student-level data, I find this is not explained by information frictions, but more likely by migration frictions. The results suggest encouraging human capital investments based on national demand may increase mismatch.