Title: The rise of the skilled city
First published: 2003
Description: "For more than a century,  educated cities have grown more quickly than comparable cities with less human  capital.  This fact survives a battery of other control variables, metropolitan  area fixed effects, and tests for reverse causality.  The authors also find that  skilled cities are growing because they are becoming more economically  productive (relative to less skilled cities), not because these cities are  becoming more attractive places to live.  Most surprisingly, the authors find  evidence suggesting that the skills-city growth connection occurs mainly in  declining areas and occurs in large part because skilled cities are better at  adapting to economic shocks.  As in Schultz (1964), skills appear to permit  adaptation"--Federal Reserve Bank of Philadelphia web site.
Subjects: Human capital, Cities and towns, Skilled labor
LC classification: HB1