Full Citation
Title: Exploring Wage Determination by Education Level: A U.S. Metropolitan Statistical Area Analysis From 2005 to 2012
Citation Type: Journal Article
Publication Year: 2016
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Abstract: The purpose of this study is to explain urban wage differentials with a special focus on educational levels. The authors explore whether the share of people with a bachelors degree or higher in the community matters to the wages of those within specific educational cohorts, accounting for cost of living, human capital externalities, consumer externalities, policy factors, and local labor market conditions. Using data for all U.S. Metropolitan Statistical Areas between 2005 and 2012, the authors find that the presence of more highly educated people will result in a higher median wage in the community overall, as do many studies, but that this factor does not significantly increase the wage for any individual education cohort. These results are hidden if we only look at the entire workforce in the aggregate.
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Authors: Prime, Penelope B; Grimes, Donald; Walker, Mary Beth
Periodical (Full): Economic Development Quarterly
Issue: 3
Volume: 30
Pages: 191-202
Data Collections: IPUMS USA
Topics: Education, Labor Force and Occupational Structure, Poverty and Welfare
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