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"Human capital-based theories of cities suggest that large, economically diverse urban agglomerations increase worker productivity by increasing the rate at which individuals acquire skills. One largely unexplored implication of this theory is that workers in big cities should see faster growth...
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evidence that the return to a college education, relative to a high school education, does indeed vary widely across cities, e … the returns to education are relatively lower in expensive high-amenity locations, and present evidence consistent with … to education as a single parameter. …
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