Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities

Inspired by the literature on the role of local career networks for the quality of labour market matches we investigate whether human capital externalities arise from a higher job matching efficiency in skilled regions. Using two samples of workers in Germany we find that an increase in the regional...

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Autor principal:	Daniel F. Heuermann
Formato:	article
Lenguaje:	EN
Publicado:	Politecnico di Torino 2012
Materias:	human capital externalities job matching career networks spatial wage differences skilled regions Urban groups. The city. Urban sociology HT101-395
Acceso en línea:	https://doaj.org/article/599131128db441008232b0863c59bd19
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spelling	oai:doaj.org-article:599131128db441008232b0863c59bd192021-12-02T05:27:57ZJob Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities1650-9544https://doaj.org/article/599131128db441008232b0863c59bd192012-08-01T00:00:00Zhttp://www.nordregio.se/Global/EJSD/Refereed%20articles/refereed48.pdfhttps://doaj.org/toc/1650-9544Inspired by the literature on the role of local career networks for the quality of labour market matches we investigate whether human capital externalities arise from a higher job matching efficiency in skilled regions. Using two samples of workers in Germany we find that an increase in the regional share of highly qualified workers by one standard deviation is associated with between-job wage growth of about five per cent and with an increase in the annual probability of a job change of about sixty per cent. Wage gains are incurred only by workers changing jobs within industries. We find highly qualified workers in skilled regions to respond to these wage differentials by changing jobs more often within rather than between industries. Taken together, these findings suggest that human capital externalities partly arise because workers in skilled regions have better access to labour market information, which allows them to capitalize on their industry-specific knowledge when changing jobs.Daniel F. HeuermannPolitecnico di Torinoarticlehuman capital externalitiesjob matchingcareer networksspatial wage differencesskilled regionsUrban groups. The city. Urban sociologyHT101-395ENEuropean Journal of Spatial Development, Vol August, Iss 48 (2012)
institution	DOAJ
collection	DOAJ
language	EN
topic	human capital externalities job matching career networks spatial wage differences skilled regions Urban groups. The city. Urban sociology HT101-395
spellingShingle	human capital externalities job matching career networks spatial wage differences skilled regions Urban groups. The city. Urban sociology HT101-395 Daniel F. Heuermann Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities
description	Inspired by the literature on the role of local career networks for the quality of labour market matches we investigate whether human capital externalities arise from a higher job matching efficiency in skilled regions. Using two samples of workers in Germany we find that an increase in the regional share of highly qualified workers by one standard deviation is associated with between-job wage growth of about five per cent and with an increase in the annual probability of a job change of about sixty per cent. Wage gains are incurred only by workers changing jobs within industries. We find highly qualified workers in skilled regions to respond to these wage differentials by changing jobs more often within rather than between industries. Taken together, these findings suggest that human capital externalities partly arise because workers in skilled regions have better access to labour market information, which allows them to capitalize on their industry-specific knowledge when changing jobs.
format	article
author	Daniel F. Heuermann
author_facet	Daniel F. Heuermann
author_sort	Daniel F. Heuermann
title	Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities
title_short	Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities
title_full	Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities
title_fullStr	Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities
title_full_unstemmed	Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities
title_sort	job matching efficiency in skilled regions: evidence on the microeconomic foundations of human capital externalities
publisher	Politecnico di Torino
publishDate	2012
url	https://doaj.org/article/599131128db441008232b0863c59bd19
work_keys_str_mv	AT danielfheuermann jobmatchingefficiencyinskilledregionsevidenceonthemicroeconomicfoundationsofhumancapitalexternalities
_version_	1718400411684044800

Job Matching Efficiency in Skilled Regions: Evidence on the Microeconomic Foundations of Human Capital Externalities

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