We examine how workers invest in human capital following unanticipated local labor market downturns. We find that, on average, two-year college enrollment increases by three students within three years for every one hundred workers laid off. This rise in enrollment accounts for half the observed increase in labor force nonparticipation following mass layoffs. Completions in career-technical programs also increase, especially in short-term certificates, but vary by field of study. We find the effect on completions is strongest in fields of study with larger earnings returns.

中文翻译：

---

当地劳动力市场低迷对高中招生和课程选择的影响

我们研究了当地劳动力市场意外低迷后工人如何投资于人力资本。我们发现，平均而言，三年内，每一百名下岗工人中，三年的大学入学人数增加三名。入学人数的增加占大规模裁员后观察到的劳动力不参与人数增加的一半。职业技术课程的结业率也有所提高，尤其是短期证书，但因学习领域而异。我们发现，在收益收益较大的研究领域中，对完工的影响最大。