风暴后的人力资本投资

IF 6.8 1区 经济学 Q1 BUSINESS, FINANCE Review of Financial Studies Pub Date : 2023-01-05 DOI:10.1093/rfs/hhad003
Emily A Gallagher, Stephen B Billings, Lowell R Ricketts
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引用次数: 1

摘要

家庭遭受自然灾害对高等教育投资有何影响?利用飓风哈维(2017年)造成的洪水变化,我们发现休斯顿被洪水淹没街区的大学年龄成年人在哈维之后获得学生贷款的可能性比同龄人低7%,在拥有更多潜在第一代学生的地区,影响更大。我们发现,在德州的高等院校中,入学率也出现了类似的相对下降,学生们转向了预期收入更高的专业。我们的研究结果表明,风暴过后,人力资本投资的数量有所减少,但强度有所增加。作者们提供了一份互联网附录,可以在牛津大学出版社的网站上找到,就在最终发表论文的链接旁边。
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Human Capital Investment after the Storm
Abstract How does household exposure to a natural disaster affect higher education investments? Using variation in flooding from Hurricane Harvey (2017), we find that college-aged adults from flooded blocks in Houston are 7% less likely than counterparts to have student loans after Harvey, with larger effects in areas with more potential first-generation students. We find a similar relative decline in enrollment at more exposed Texas universities and colleges and a shift toward majors with higher expected earnings. Our results highlight a decrease in the quantity but an increase in the intensity of investments in human capital after the storm. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
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来源期刊
CiteScore
16.00
自引率
2.40%
发文量
83
期刊介绍: The Review of Financial Studies is a prominent platform that aims to foster and widely distribute noteworthy research in financial economics. With an expansive editorial board, the Review strives to maintain a balance between theoretical and empirical contributions. The primary focus of paper selection is based on the quality and significance of the research to the field of finance, rather than its level of technical complexity. The scope of finance within the Review encompasses its intersection with economics. Sponsoring The Society for Financial Studies, the Review and the Society appoint editors and officers through limited terms.
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