The estimation of the effect of local human capital on wages only might not identify properly human capital spillovers. Appropriate identification requires considering the joint effect of local human capital on both wages and rents. Empirically, we study the effects of local human capital on household-level rents and individual-level wages for a sample of Italian local labour markets. Our results show a positive and robust effect of local human capital on rents, supporting the idea that human capital generates positive externalities at the local level. Our results also suggest that consumption and production externalities have a similar impact on wages.

Dalmazzo, A., & G., D.B. (2007). Production and consumption externalities of human capital: An empirical study for Italy. JOURNAL OF POPULATION ECONOMICS, 20, 359-382 [10.1007/s00148-005-0038-7].

Production and consumption externalities of human capital: An empirical study for Italy

DALMAZZO, ALBERTO;
2007

Abstract

The estimation of the effect of local human capital on wages only might not identify properly human capital spillovers. Appropriate identification requires considering the joint effect of local human capital on both wages and rents. Empirically, we study the effects of local human capital on household-level rents and individual-level wages for a sample of Italian local labour markets. Our results show a positive and robust effect of local human capital on rents, supporting the idea that human capital generates positive externalities at the local level. Our results also suggest that consumption and production externalities have a similar impact on wages.
Dalmazzo, A., & G., D.B. (2007). Production and consumption externalities of human capital: An empirical study for Italy. JOURNAL OF POPULATION ECONOMICS, 20, 359-382 [10.1007/s00148-005-0038-7].
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11365/25895
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