Previous research suggests that business startups andexpansions estimate employment targets by evaluating their own efficiency type.Low cost producers tend to expand operations, while high cost producers scaleback operations or exit the industry. The accuracy of this type of employmenttarget...

We examine the relationship between human capital and economic activity in U.S. metropolitan areas, extending the literature in two ways. First, we utilize new data on metropolitan area GDP to measure economic activity. Results show that a one-percentage-point increase in the proportion of...