Human Capital Investment after the Storm
利用飓风哈维（2017）的洪水数据，发现休斯顿受灾街区的大学生获得学生贷款的概率降低7%，入学率下降，但转向预期收入更高的专业，表明人力资本投资数量减少但强度增加。
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.