Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/28243 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Working Paper Series in Economics No. 126
Publisher: 
Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre, Lüneburg
Abstract: 
This paper provides first evidence on the anatomy of human capital externalities arising from both firm-level and regional human capital. Using panel data from German social security records, both at an individual and aggregated at the plant and regional level, I estimate earnings functions incorporating measures of regional and firm-level human capital while controlling for various types of unobserved heterogeneity. The results suggest that the firm-level share of high-skilled workers generates positive, although small social returns to education for low-skilled and skilled workers but not for the high-skilled. This finding is in line with learning based theories of human capital externalities. Some estimates also suggest negative social returns for the regional shares of low-skilled workers. No such effects are found for the firm-level shares of low-skilled workers and the regional shares of high-skilled workers.
Subjects: 
Human capital externalities
social returns to education
error-component model
JEL: 
D62
J24
J31
R11
Document Type: 
Working Paper

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