The age pattern of human capital and regional productivity: A spatial econometric study on german regions
We explore the impact of the age structure of human capital on average regional productivity by applying a spatial econometric analysis based on an augmented Lucas-type production function. We also apply a new definition of regional human capital focusing on its availability. The estimates provide evidence that there are age specific human capital effects in Germany and that a temporary increase in regional productivity could occur during the demographic transition. Furthermore, it becomes clear that the availability-based definition of human capital provides additional insight and so, could enrich future studies on regional human capital. Copyright (c) 2009 the author(s). Journal compilation (c) 2009 RSAI.
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Volume (Year): 88 (2009)
Issue (Month): 4 (November)
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