Relative wages in Texas rose during the 1970s oil boom, increasing the opportunity cost of staying in school. Comparing Texas-born cohorts who graduated from high school during the oil boom with those in the pre-boom period suggests that the boom negatively affected college enrollment.
CITATION STYLE
Kumar, A. (2015). Oil Boom Lowers Human Capital Investment in Texas. In Ten-Gallon Economy: Sizing Up Economic Growth in Texas (pp. 79–90). Palgrave Macmillan. https://doi.org/10.1057/9781137530172_6
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