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dc.contributor.authorAbel, Jaison R.en_US
dc.contributor.authorDey, Ishitaen_US
dc.contributor.authorGabe, Todd M.en_US
dc.date.accessioned2010-05-12en_US
dc.date.accessioned2012-08-17T14:35:24Z-
dc.date.available2012-08-17T14:35:24Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/60842-
dc.description.abstractWe estimate a model of urban productivity in which the agglomeration effect of density is enhanced by a metropolitan area's stock of human capital. Estimation accounts for potential biases due to the endogeneity of density and industrial composition effects. Using new information on output per worker for U.S. metropolitan areas along with a measure of density that accounts for the spatial distribution of population, we find that a doubling of density increases productivity by 2 to 4 percent. Consistent with theories of learning and knowledge spillovers in cities, we demonstrate that the elasticity of average labor productivity with respect to density increases with human capital. Metropolitan areas with a human capital stock one standard deviation below the mean realize no productivity gain, while doubling density in metropolitan areas with a human capital stock one standard deviation above the mean yields productivity benefits that are about twice the average.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of New York New York, NYen_US
dc.relation.ispartofseriesStaff Report, Federal Reserve Bank of New York 440en_US
dc.subject.jelR12en_US
dc.subject.jelR30en_US
dc.subject.jelJ24en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordAgglomerationen_US
dc.subject.keywordproductivityen_US
dc.subject.keyworddensityen_US
dc.subject.keywordknowledge spilloversen_US
dc.subject.stwStadtökonomiken_US
dc.subject.stwAgglomerationseffekten_US
dc.subject.stwProduktivitäten_US
dc.subject.stwHumankapitalen_US
dc.titleProductivity and the density of human capitalen_US
dc.typeWorking Paperen_US
dc.identifier.ppn622939262en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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