Human capital and externalities in cities

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Review of Economic Studies, 73 (2), 381-412, 2006
To cite or link this document: Ciccone, Antonio Peri, Giovanni
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 1999-01-01
dc.identifier.citation Review of Economic Studies, 73 (2), 381-412, 2006
dc.description.abstract We combine growth theory with US Census data on individual schooling and wages to estimate the aggregate return to human capital and human capital externalities in cities. Our estimates imply that a one-year increase in average schooling in cities increases their aggregate labor productivity by 8 to 11 percent. We find no evidence for aggregate human capital externalities in cities however although we use three different approaches. Our main theoretical contribution is to show how human capital externalities can be identified (non-parametically) even if workers with different levels of human capital are imperfect substitutes in production.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 494
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title Human capital and externalities in cities
dc.title.alternative Identifying Human Capital Externalities: Theory with an Application to US cities
dc.type info:eu-repo/semantics/workingPaper 2014-07-31T02:50:43Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword human capital
dc.subject.keyword externalities
dc.subject.keyword imperfect substitution
dc.rights.accessRights info:eu-repo/semantics/openAccess

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