Abstract
AbstractCollege graduates are important for regional economies but also quite geographically mobile. This paper examines the relationship between college graduation rates among persons from a state (relative production) and the later share of college graduates for persons residing in the state (relative stock) using decennial census and American Community Survey microdata. The descriptive relationship has increased over time and is nearly proportional in recent years. Instrumental variables (IV) methods are used to estimate causal effects. The preferred IV results yield an average point estimate for the production‐stock relationship of 0.52, but the effect likely decreases with age.
Published Version
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