Research

Determinants of Income Growth in Metropolitan and Nonmetropolitan Labor Markets

http://digitalcommons.unl.edu/econfacpub/25/

This article analyzes determinants of growth across labor markets in the United States, using a production function approach based on four inputs: labor, manufacturing investment, human capital investment, and public capital investment. We find little role for public capital investment in growth, but that manufacturing investment spurred growth in nonmetropolitan areas, in contrast to metropolitan areas. We also find that human capital investment mattered more for metropolitan areas than for nonmetropolitan areas. Further, the presence of more colleges and universities, more household amenities, and lower tax rates are all found to have encouraged human capital accumulation in U.S. labor markets.

Publication Information
Article Title: Determinants of Income Growth in Metropolitan and Nonmetropolitan Labor Markets
Journal: American Journal of Agricultural Economics (2008)
90:3 pp. 783-793
Author(s): Thompson, Eric;  Hammond, Geoge W.
Researcher Information
    
Thompson, Eric
Thompson, Eric
Karl H. Nelson Associate Professor of Economics, Director of the Bureau of Business Research
Expertise:
  • Bureau of Business Research
  • Regional Economics
Economics
CoB 523 AA
P.O. Box 880489
University of Nebraska-Lincoln
Lincoln, NE 68588-0489, USA
Phone: (402) 472-3318
Fax: (402) 472-9700
ethompson2@unl.edu