Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60842 
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dc.contributor.authorAbel, Jaison R.en
dc.contributor.authorDey, Ishitaen
dc.contributor.authorGabe, Todd M.en
dc.date.accessioned2010-05-12-
dc.date.accessioned2012-08-17T14:35:24Z-
dc.date.available2012-08-17T14:35:24Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x440en
dc.subject.jelR12en
dc.subject.jelR30en
dc.subject.jelJ24en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordAgglomerationen
dc.subject.keywordproductivityen
dc.subject.keyworddensityen
dc.subject.keywordknowledge spilloversen
dc.subject.stwStadtökonomiken
dc.subject.stwAgglomerationseffekten
dc.subject.stwProduktivitäten
dc.subject.stwHumankapitalen
dc.titleProductivity and the density of human capital-
dc.typeWorking Paperen
dc.identifier.ppn622939262en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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