Working Paper Series
Local Multipliers and Human Capital in the US and Sweden
() and Per Thulin
Abstract: We show that every time a local economy generates a new
job by attracting a new business in the traded sector, a significant number
of additional jobs are created in the non-traded sector. This multiplier
effect is particularly large for jobs with high levels of human capital and
for high tech industries. These findings are important for local
development policies, as they suggest that in order to increase local
employment levels, municipalities should target high tech employers with
high levels of human capital.
Keywords: Local multipliers; Local labor markets; Labor demand; (follow links to similar papers)
JEL-Codes: J23; R11; R12; R23; (follow links to similar papers)
29 pages, April 13, 2012
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