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Creativity, education or what? On the measurement of regional human capital

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  • Bode, Eckhardt
  • Perez Villar, Lucia

Abstract

This paper substantiates the debate following Richard Florida's suggestion to measure regional human capital by creative occupations rather than education. Consistent with Florida's notion of creativity, it suggests a microfoundation that relates creativity to workers' cognitive and noncognitive skills. It shows that this microfoundation is similar to that of human capital in recent labor economics, which has facilitated important new insights. It also shows that Florida's measure is too crude to make a difference. Nonethe-less, it is time to rethink regional human capital. Occupations may help project workers' cognitive and noncognitive skills from the micro to the regional level.

Suggested Citation

  • Bode, Eckhardt & Perez Villar, Lucia, 2014. "Creativity, education or what? On the measurement of regional human capital," Kiel Working Papers 1958, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1958
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    3. Shahrazad HADAD, 2017. "Knowledge Economy: Characteristics and Dimensions," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(2), pages 203-225, June.
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    More about this item

    Keywords

    Human Capital; Education; Creativity; Cognitive Skills; Noncognitive Skills; Occupation; Regional Wages; Regional Growth;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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