In this paper, we examine the impact of the coal boom in the 1970s and the subsequent coal bust in the 1980s on local labour markets in Kentucky, Ohio, Pennsylvania, and West Virginia. We address two main questions in our analysis. How were non-mining sectors affected by the shocks to the mining...

This paper extends the recent work of Hotz and Miller (1991) on the use of conditional choice probabilities to represent the valuation functions in the estimation of dynamic, discrete choice models. They derive a N1/2 consistent and asymptotically normal estimator of the structural parameters of...