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 …

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