Local human capital and external economies: evidence for Spain
AbstractIt is assumed that human capital external economies can increase factor productivity. However, as human capital is accumulated in an unequal way in the territory, productivity improvements will be different among territories. So, in the presence of labour mobility, wage differences will induce migratory movements that would concentrate population in a given geographical area and increasing housing rents until the net advantage of residing and working in different places is equal. In this paper we estimate wage and housing rents equations following Rauch (1993) model using microdata from the EPF 1990/91. The results offer evidence of local human capital external economies for the Spanish economy.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa99pa309.
Date of creation: Aug 1999
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Other versions of this item:
- Esteve Sanromà & Raúl Ramos, 2001. "Local human capital and external economies: evidence for Spain," Working Papers 2001/6, Institut d'Economia de Barcelona (IEB).
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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