Indentifying human capital externalities: Theory with an application to US cities
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- dc.contributor.author Ciccone, Antonio
- dc.contributor.author Peri, Giovanni
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2020-05-25T09:26:45Z
- dc.date.available 2020-05-25T09:26:45Z
- dc.date.issued 2002-03-01
- dc.date.modified 2020-05-25T09:19:22Z
- dc.description.abstract The identification of aggregate human capital externalities is still not fully understood. The existing (Mincerian) approach confounds positive externalities with wage changes due to a downward sloping demand curve for human capital. As a result, it yields positive externalities even when wages equal marginal social products. We propose an approach that identifies human capital externalities whether or not aggregate demand for human capital slopes downward. Another advantage of our approach is that it does not require estimates of the individual return to human capital. Applications to US cities and states between 1970 and 1990 yield no evidence of significant average -schooling externalities.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=611
- dc.identifier.citation The Review of Economic Studies, Vol. 73, No. 2, pp. 381-412, April 2006
- dc.identifier.uri http://hdl.handle.net/10230/1107
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 611
- 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.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword human capital
- dc.subject.keyword externalities
- dc.subject.keyword wages
- dc.subject.keyword downward sloping labor
- dc.subject.keyword demand
- dc.subject.keyword imperfect substitutability
- dc.subject.keyword Macroeconomics and International Economics
- dc.title Indentifying human capital externalities: Theory with an application to US cities
- dc.type info:eu-repo/semantics/workingPaper