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ERIC Number: ED517589
Record Type: Non-Journal
Publication Date: 2010-Feb
Pages: 33
Abstractor: As Provided
Reference Count: 39
ISBN: N/A
ISSN: N/A
Human Capital and Economic Activity in Urban America. Staff Report No. 332
Abel, Jaison R.; Gabe, Todd M.
Federal Reserve Bank of New York
We examine the relationship between human capital and economic activity in U.S. metropolitan areas, extending the literature in two ways. First, we utilize new data on metropolitan area GDP to measure economic activity. Results show that a one-percentage-point increase in the proportion of residents with a college degree is associated with about a 2 percent increase in metropolitan area GDP per capita. Second, we develop measures of human capital that reflect the types of knowledge within U.S. metropolitan areas. Regional knowledge stocks related to the provision of producer services and information technology are important determinants of economic vitality. (Contains 6 tables, 1 figure and 17 footnotes.)
Federal Reserve Bank of New York. 33 Liberty Street, New York, NY 10045. Tel: 212-720-5000; Tel: 646-720-5000; e-mail: pipubs@ny.frb.org; Web site: http://www.newyorkfed.org
Publication Type: Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Federal Reserve Bank of New York