Understanding how changes to local labor market conditions impact household spending and savings decisions is a central topic in labor economics. Frequently, housing is the largest item on a household's balance sheet, and therefore making monthly mortgage payments is often both the largest...

We show that a labor demand shock to specific workers (male workers with high school education) in a specific industry (oil and gas sector) can significantly impact earnings differentials within sectors not directly impacted by the productivity shock. Specifically, we estimate that areas...