The Rise of the Skilled City
Edward L. Glaeser
Harvard University - John F. Kennedy School of Government, Department of Economics; Brookings Institution; National Bureau of Economic Research (NBER)
University of Pennsylvania - The Wharton School; Institute for the Study of Labor (IZA)
Harvard Institute of Economic Research Discussion Paper No. 2025
FRB Philadelphia Working Paper No. 04-2
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. We 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, we 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.
Number of Pages in PDF File: 68
Date posted: July 30, 2004
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