Abstract

In their search for strategies to spur economic development, one statistic civic leaders and researchers invariably use to identify the cities to emulate is the share of college graduates. That is because the college degree share of a region is highly correlated with its economic performance. But too narrow a focus on the graduates can lead to misguided policies. A more thorough analysis suggests that the reason some areas pull ahead and some fall behind in their college degree shares may be due to trends in nongraduate population growth that regional leaders either cannot or would not directly address with public policies.

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