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Title: Innovation Spillovers in Industrial Cities

Citation Type: Working Paper

Publication Year: 2010

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Abstract: Older, industrial cities have suffered with the shift from manufacturing to services,but the increased importance of innovation as an economic driver mayhelp industrial cities, which are often rich in the institutions that generate innovation.This paper studies how innovation is related to wages for different typesof workers (e.g., more-educated versus less, and younger versus older) and toreal estate prices for cities. We also study industrial and occupational employmentshares. Our estimates indicate that innovation and aggregate education areassociated with greater productivity in cities. They indicate that innovation andaggregate education impact wages less in industrial cities, but that they impactreal estate prices more. We also fi nd greater effects of innovation and aggregateeducation for more-educated and prime-aged workers. We pay particular attentionto controlling for causality and adjustments of factor inputs.

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Authors: Weinberg, Bruce; Saha, Subhra; Crispin, Laura

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Publication Number: 10-25

Institution: Federal Reserve Bank of Cleveland

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Publisher Location: Cleveland, OH

Data Collections: IPUMS USA

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