Natural Resource Booms, Human Capital, and Earnings: Evidence from Linked Education and Employment Records
利用德克萨斯州公立学校学生的行政面板数据，分析当地经济条件冲击如何影响教育和就业决策，发现低学业能力的高中生因页岩气繁荣而增加工作收入，但同时也降低了出勤和毕业率。
Using administrative panel data on the universe of Texas public school students, I analyze how shocks to local economic conditions affect education and employment decisions. I find that high school students at the bottom of the academic ability distribution worked and earned more in response to the fracking boom and that these earnings gains persisted through ages 24–25 despite the fact that the same students also became less likely to attend classes and graduate from high school. My results suggest that the opportunity cost of education is large for these students.