NY Fed: Education promotes regional development
Differing levels of human capital may explain differences in regional economic development across metropolitan areas of the USA and Canada, a New York Federal Reserve study, published Wednesday, finds.
College degree attainment is associated with a positive and statistically significant effect on regional per-capita income. A one-standard deviation increase in the share of the metropolitan area population with a college degree is associated with a 0.56 standard deviation increase in regional per
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