Increasing social returns to human capital: evidence from Hungarian regions
| Autor: | László Czaller |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Labour economics
media_common.quotation_subject 05 social sciences Wage General Social Sciences Human capital Physical capital External effect Regional studies 0502 economics and business Economics 050207 economics Productivity Externality 050205 econometrics General Environmental Science media_common |
| Zdroj: | Regional Studies. 51:467-477 |
| ISSN: | 1360-0591 0034-3404 |
| DOI: | 10.1080/00343404.2015.1112898 |
| Popis: | Increasing social returns to human capital: evidence from Hungarian regions. Regional Studies. Using individual-level data from 2002 to 2008, this paper estimates augmented Mincerian wage equations to analyze social returns to human capital in Hungary. The results show that geographically localized human capital externalities have a strong productivity effect on the wages of local workers, but the strength of this effect falls short of the private returns. A one-year increase in the average schooling of the local labour force has a 3% average external effect on the wages of local workers. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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