Human capital is a key determinant of individual earnings and long-term development. This paper examines how fluctuations in labor market conditions in the United States affect educational outcomes among children and adolescents in El Salvador, a country highly dependent on migration and remittances. Our identification strategy exploits historically determined migrant networks: using Salvadoran consular records, we link municipality-level stocks of migrants in U.S. destinations to local unemployment rates, generating plausibly exogenous variation in earnings opportunities abroad. We reconstruct individual schooling histories from the 2024 population census and estimate age-specific dropout risks using logit models. Preliminary results suggest that improved labor market conditions in U.S. destination counties increase the likelihood of school dropout among children and adolescents in migrants' origin communities. The effects are strongest among 14-year-old boys living in urban areas with high gang presence. Ongoing work explores the mechanisms underlying this relationship.