@TechReport{iza:izadps:dp10598,
            	author={Weinstein, Russell},
            	title={Local Labor Markets and Human Capital Investments},
            	year={2017},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={10598},
            	url={https://www.iza.org/publications/dp10598},
	abstract={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 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. I find universities in areas more exposed to sectoral shocks experience greater changes in sector-relevant 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.},
	keywords={information frictions;migration frictions;local labor markets;college major choice},
            }