Plausibly Exogenous [651] - Lava Shock (10/30/2021)
LHS Variable
Lifetime earnings and education
RHS Variable
Geographic mobility
Source of Exogenous Variation
On January 23, 1973, a long-dormant volcano erupted unexpectedly on the Westman Islands, off the coast of Iceland. A volcanic fissure opened only 300 yards from the edge of the island’s town forcing the entire population of the island to be evacuated in a matter of hours.
- Nakamura, Sigurdsson, and Steinsson (2021), “The Gift of Moving: Intergenerational Consequences of a Mobility Shock”