This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …. -- Externalities ; human capital ; multiple equilibria …

capital externalities are at work. A large initial share of high-skilled workers significantly reduces subsequent growth of … employment growth ; externalities …

suggest that the local human capital level has positive externalities on the probability of labor force participation and …. -- employment ; labor force participation ; human capital externalities ; agglomeration …

availability has thus far prevented researchers from directly connecting STEM education to human capital externalities. This paper …Previous research suggests that the local stock of human capital creates positive externalities within local labor … positive wage externalities, but STEM graduates create much larger externalities. …

Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The … existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an … approach that yields positive average human capital externalities if and only if the marginal social product of workers with …

-hopping facilitates the reallocation of resources towards firms with superior innovations, but it also creates human capital externalities …