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Empirical evidence on human capital spillovers

  • Jeremy B. Rudd
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    This paper examines whether the average level of human capital in a region affects the earnings of an individual residing in that region in a manner that is external to the individual's own human capital. I find little evidence of an external effect of human capital, which suggests that human capital spillovers of the form postulated by the new growth literature are unlikely to matter much in practice.

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    File URL: http://www.federalreserve.gov/pubs/feds/2000/200046/200046abs.html
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    File URL: http://www.federalreserve.gov/pubs/feds/2000/200046/200046pap.pdf
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    Paper provided by Board of Governors of the Federal Reserve System (U.S.) in its series Finance and Economics Discussion Series with number 2000-46.

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    Date of creation: 2000
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    Handle: RePEc:fip:fedgfe:2000-46
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