The role of firm-level and regional human capital for the social returns to education: evidence from German social security data
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2009. (Working paper series in economics; No. 126).
Research output: Working paper › Working papers
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RIS
TY - UNPB
T1 - The role of firm-level and regional human capital for the social returns to education
T2 - evidence from German social security data
AU - Braakmann, Nils
N1 - Literaturverz. S. 24 - 27
PY - 2009
Y1 - 2009
N2 - This paper provides first evidence on the anatomy of human capital externalitiesarising from both firm-level and regional human capital. Using panel data from German social security records, both at an individual and aggregated at the plant and regional level, I estimate earnings functions incorporating measures of regional and firm-level human capital while controlling for various types of unobserved heterogeneity. The results suggest that the firm-level share of high-skilled workers generates positive, although small social returns to education for low-skilled and skilled workers but not for the high-skilled. This finding is in line with learning based theories of human capital externalities. Some estimates also suggest negative social returns for the regional shares of low-skilled workers. No such effects are found for the firm-level shares of low-skilled workers and the regional shares of high-skilled workers.
AB - This paper provides first evidence on the anatomy of human capital externalitiesarising from both firm-level and regional human capital. Using panel data from German social security records, both at an individual and aggregated at the plant and regional level, I estimate earnings functions incorporating measures of regional and firm-level human capital while controlling for various types of unobserved heterogeneity. The results suggest that the firm-level share of high-skilled workers generates positive, although small social returns to education for low-skilled and skilled workers but not for the high-skilled. This finding is in line with learning based theories of human capital externalities. Some estimates also suggest negative social returns for the regional shares of low-skilled workers. No such effects are found for the firm-level shares of low-skilled workers and the regional shares of high-skilled workers.
KW - Economics
KW - Human capital externalities
KW - social returns to education
KW - error-component model
M3 - Working papers
T3 - Working paper series in economics
BT - The role of firm-level and regional human capital for the social returns to education
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -