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Do localization economies derive from human capital externalities?

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2005

One of the most robust findings emerging from studies of industrial agglomeration is the rise in productivity that tends to accompany it. What most studies have not addressed, however, is the potential role played by human capital externalities in driving this relationship. This paper seeks to...

Persistent link: https://www.econbiz.de/10005707620

Do localization economies derive from human capital externalities?

Wheeler, Christopher H. (contributor) - 2005

"One of the most robust findings emerging from studies of industrial agglomeration is the rise in productivity that tends to accompany it. What most studies have not addressed, however, is the potential role played by human capital externalities in driving this relationship. This paper seeks to...

Persistent link: https://www.econbiz.de/10002977385

Explaining Educational Attainment across Countries and over Time

Vandenbroucke, Guillaume; Restuccia, Diego - Federal Reserve Bank of St. Louis - 2014

Consider the following facts. In 1950, the richest countries attained an average of 8 years of schooling whereas the … poorest countries 1.3 years, a large 6-fold difference. By 2005, the difference in schooling declined to 2-fold because … schooling increased faster in poor than in rich countries. What explains educational attainment differences across countries and …

Persistent link: https://www.econbiz.de/10011075148

Spatial probit and the geographic patterns of state lotteries

Coughlin, Cletus C.; Garrett, Thomas A.; … - Federal Reserve Bank of St. Louis - 2004

We implement a spatial probit model to differentiate states with a lottery from those without a lottery. Our analysis extends the basic spatial probit model by allowing spatial dependence to vary across geographic regions. We also separate the spatial effects of neighbors versus non-neighbors....

Persistent link: https://www.econbiz.de/10005707641

Industry localization and earnings inequality: evidence from U.S. manufacturing

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2004

While the productivity gains associated with the geographic concentration of industry (i.e. localization) are by now well-documented, little work has considered how those gains are distributed across individual workers. This paper offers evidence on the connection between total employment and...

Persistent link: https://www.econbiz.de/10005707677

Business cycle phases in U.S. states

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2004

The U.S. aggregate business cycle is often characterized as a series of distinct recession and expansion phases. We apply a regime-switching model to state-level coincident indexes to characterize state business cycles in this way. We find that states differ a great deal in the levels of growth...

Persistent link: https://www.econbiz.de/10005707704

Productivity and the geographic concentration of industry: the role of plant scale

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2004

A large body of research has established a positive connection between an industry's productivity and the magnitude of its presence within locally defined geographic areas. This paper examines the extent to which this relationship can be explained by a micro-level underpinning commonly...

Persistent link: https://www.econbiz.de/10005707760

Worker turnover, industry localization, and producer size

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2004

Empirically, large employers have been shown to devote greater resources to filling vacancies than small employers. Following this evidence, this paper offers a theory of producer size based on labor market search, whereby a key factor in the determination of producer's total employment is the...

Persistent link: https://www.econbiz.de/10005352786

Regional disparities in the spatial correlation of state income growth

Garrett, Thomas A.; Wagner, Gary A.; Wheelock, David C. - Federal Reserve Bank of St. Louis - 2005

This paper presents new evidence of spatial correlation in U.S. state income growth. We extend the basic spatial econometric model used in the growth literature by allowing spatial correlation in state income growth to vary across geographic regions. We find positive spatial correlation in...

Persistent link: https://www.econbiz.de/10005352820

Nonlinear hedonics and the search for school district quality

Chiodo, Abbigail; Hernández-Murillo, Rubén; Owyang, … - Federal Reserve Bank of St. Louis - 2005

A school’s quality is often inferred from the premium a parent must pay to buy a house associated with a better school. Isolating this effect, however, is difficult because better schools also tend to be located in nicer neighborhoods and, therefore, cost more for reasons other than school...

Persistent link: https://www.econbiz.de/10005353011