Abstract
The discontinuation of the Shuttle program (STS) had a measurable impact on unemployment in Florida's Space Coast, particularly in the years since the initial layoffs in aerospace industries. Estimates of the impact using the synthetic control method suggest that the unemployment rate increased on average 0.41 percentage points per year (~7.5%) every year for 6 years observed in post-treatment. I demonstrate the robustness of the estimated result to various placebo tests.
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