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Title: Do Colleges and Universities Increase Their Regions Human Capital?

Citation Type: Working Paper

Publication Year: 2009

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Abstract: We investigate whether the degree production and research and development (R&D)activities of colleges and universities are related to the amount and types of human capitalpresent in the metropolitan areas where the institutions are located. We find that degreeproduction has only a small positive relationship with local stocks of human capital,suggesting that migration plays an important role in the geographic distribution of humancapital. Moreover, we show that spillovers from academic R&D activities tilt the structureof local labor markets toward occupations requiring innovation and technical training.These findings demonstrate that colleges and universities raise local human capital levels by increasing both the supply of and demand for skill.

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Authors: Abel, Jaison R.; Deitz, Richard

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Publication Number: 401

Institution: Federal Reserve Bank of New York

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Publisher Location: New York

Data Collections: IPUMS USA

Topics: Education, Labor Force and Occupational Structure

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