Please use this identifier to cite or link to this item:
Winters, John V.
Year of Publication: 
Series/Report no.: 
Upjohn Institute Working Paper 15-246
The stock of human capital in an area is important for regional economic growth and development. However, highly educated workers are often quite mobile, and there is a concern that public investments in college graduates may not benefit the state if the college graduates leave the state after finishing their education. This paper examines the relationship between the production of college graduates from a state and the stock of college graduates residing in the state using microdata from the decennial census and American Community Survey. The relationship is examined across states and across cohorts within states. The descriptive analysis suggests that the relationship between the production and stock of college graduates has increased over time and is nearly proportional in recent years. Instrumental variables methods are used to estimate causal effects. The preferred instrumental variables results yield an average point estimate for the production-stock relationship of 0.52, but the effect likely decreases with age.
college graduates
human capital
higher education policy
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
504.83 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.