Smart cities
Subtitle: quality of life, productivity, and the growth effect of human capital
By: Jesse M. Shapiro.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11615; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11615.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Cities and towns -- Growth.; Education -- Economic aspects.; Quality of life.; Labor productivity.; Human capital.
Description: "From 1940 to 1990, a 10 percent increase in a metropolitan area's concentration of college-educated residents was associated with a .8 percent increase in subsequent employment growth.  Instrumental variables estimates support a causal relationship between college graduates and employment growth, but show no evidence of an effect of high school graduates.  Using data on growth in wages, rents and house values, I calibrate a neoclassical city growth model and find that roughly 60 percent of the employment growth effect of college graduates is due to enhanced productivity growth, the rest being caused by growth in the quality of life.  This finding contrasts with the common argument that human capital generates employment growth in urban areas solely through changes in productivity"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 9/28/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.