Suchergebnisse

AbstractThis paper examines the vertical and horizontal dimensions of human capital across regions within the U.S., ranging from densely populated city centers to isolated and sparsely populated rural areas. To do so, we classify detailed geographic areas into categories along the entire urban–rural hierarchy. An occupation‐based cluster analysis is then used to complement the conventional measure of human capital, based on college attainment, by measuring the types of skills available in the regional workforce. We find that differences in human capital across the urban–rural hierarchy are related to both the types of work performed in urban and rural areas and that a higher share of college‐educated workers is present in urban areas regardless of the skills typically required to perform the job.

The celebrated economist Zvi Griliches's entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches's honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in "hard-to-measure" sectors of the economy. Furthering Griliches's vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output