This study examines how the changing composition of adult educational attainment in cities affects the distribution of wages and rents in those cities. We extend the Rosen-Roback spatial equilibrium model to show that as the share of college graduates increases, the impact of this change on the...

High school dropouts are more likely to have children in cities where college share is high, while those who received greater education are less likely to have children in these cities. This pattern is puzzling as cities that attract college graduates have higher cost of living, and can be more...

This paper investigates why the level of income inequality differs across U.S. cities and why some cities experience faster increases in the level of inequality than others. The rising level of income inequality in the US has received growing attention from both researchers and policy makers....

This paper examines the magnitude of human capital spillovers on unemployment. Using both individual and metropolitan level data, we find that the adult population share of college graduates is negatively associated with the unemployment rate. More specifically, we find that those who reside in...