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…

Examines the paradox of strong individual demand and strong institutional support for the General Educational Development (GED) credential despite educational and economic returns markedly lower than those of traditional high school graduates, suggesting that the GED program is a low-cost way to integrate thousands of off-track individuals back…