Big Cities And The Highly Educated: What’s The Connection?

(Before It's News)

by Philadelphia Fed

– this post authored by Jeffrey C. Brinkman

Large American cities have disproportionately large shares of highly educated workers, a growing trend in recent decades. What’s the draw? Money for one thing, naturally. Not only do big-city firms generally pay higher wages; there is also evidence that the differential is greater for those with more education. These higher wages raise interesting questions: Why do firms in big cities find it profitable to pay more? That is, what makes a well-educated city worker more valuable than a comparably educated worker in a small town? And it’s not just about money:

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