Do colleges and universities increase their region's human capital?
AbstractWe investigate whether the degree production and research and development (R&D) activities of colleges and universities are related to the amount and types of human capital present in the metropolitan areas where the institutions are located. We find that degree production has only a small positive relationship with local stocks of human capital, suggesting that migration plays an important role in the geographic distribution of human capital. Moreover, we show that spillovers from academic R&D activities tilt the structure of local labor markets toward occupations requiring innovation and technical training. These findings demonstrate that colleges and universities raise local human capital levels by increasing both the supply of and demand for skill.
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Bibliographic InfoPaper provided by Federal Reserve Bank of New York in its series Staff Reports with number 401.
Date of creation: 2009
Date of revision:
Other versions of this item:
- Jaison R. Abel & Richard Deitz, 2012. "Do colleges and universities increase their region's human capital?," Journal of Economic Geography, Oxford University Press, vol. 12(3), pages 667-691, May.
- NEP-ALL-2009-11-21 (All new papers)
- NEP-EDU-2009-11-21 (Education)
- NEP-GEO-2009-11-21 (Economic Geography)
- NEP-HRM-2009-11-21 (Human Capital & Human Resource Management)
- NEP-LAB-2009-11-21 (Labour Economics)
- NEP-MIC-2009-11-21 (Microeconomics)
- NEP-URE-2009-11-21 (Urban & Real Estate Economics)
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- Jose Maria Millan & Emilio Congregado & Concepcion Roman & Mirjam van Praag & Andre van Stel, 2011.
"The Value of an Educated Population for an Individual's Entrepreneurship Success,"
Tinbergen Institute Discussion Papers
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- Winters, John V, 2010. "Human Capital Externalities and Employment Differences across Metropolitan Areas of the U.S," MPRA Paper 22434, University Library of Munich, Germany.
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- Sjoquist, David L. & Winters, John V., 2013. "The effects of HOPE on post-college retention in the Georgia workforce," Regional Science and Urban Economics, Elsevier, vol. 43(3), pages 479-490.
- Peter McHenry, 2010. "The Geographic Distribution of Human Capital: Measurement of Contributing Mechanisms," Working Papers 92, Department of Economics, College of William and Mary.
- Maria Abreu & Alessandra Faggian & Philip McCann, 2011. "Migration and inter-industry mobility of UK graduates: Effect on earnings and career satisfaction," ERSA conference papers ersa11p118, European Regional Science Association.
- Sjoquist, David L. & Winters, John V., 2014. "Merit aid and post-college retention in the state," Journal of Urban Economics, Elsevier, vol. 80(C), pages 39-50.
- Hoenen, Sebastian & Kolympiris, Christos & Schoenmakers, Wilfred & Kalaitzandonakes, Nicholas, 2014. "The diminishing signaling value of patents between early rounds of venture capital financing," Research Policy, Elsevier, vol. 43(6), pages 956-989.
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