Increasing social returns to human capital: evidence from Hungarian regions
利用2002-2008年匈牙利个体数据，估计明瑟工资方程，发现本地人力资本外部性对工资有3%的生产率效应，但低于私人回报。
Increasing social returns to human capital: evidence from Hungarian regions. Regional Studies. Using individual-level data from 2002 to 2008, this paper estimates augmented Mincerian wage equations to analyze social returns to human capital in Hungary. The results show that geographically localized human capital externalities have a strong productivity effect on the wages of local workers, but the strength of this effect falls short of the private returns. A one-year increase in the average schooling of the local labour force has a 3% average external effect on the wages of local workers.