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"For more than a century, educated cities have grown more quickly than comparable cities with less human capital. This fact survives a battery of other control variables, metropolitan area fixed effects, and tests for reverse causality. The authors also find that skilled cities are growing because they are becoming more economically productive (relative to less skilled cities), not because these cities are becoming more attractive places to live. Most surprisingly, the authors find evidence suggesting that the skills-city growth connection occurs mainly in declining areas and occurs in large part because skilled cities are better at adapting to economic shocks. As in Schultz (1964), skills appear to permit adaptation"--Federal Reserve Bank of Philadelphia web site.
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Subjects
Human capital, Cities and towns, Skilled laborEdition | Availability |
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The rise of the skilled city
2004, Federal Reserve Bank of Philadelphia
Electronic resource
in English
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Edition Notes
"December 2003."
Includes bibliographical references.
Also available in PDF from the NBER world wide web site (www.nber.org).
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