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Historical Place-Based Investments and Contemporary Economic Mobility and Inequality: Impacts of University Establishment

Year: 2025
Type: article
Abstract: We explore how historic university establishment has impacted contemporary county-level economic mobility and inequality outcomes using site-selection natural experiments. We find that universities have led to greater mid-life upward intergenerational income mobility and more income inequality. We highlight five channels through which these effects operate: sorting of highachieving households into university counties; a “hollowing-out” of local labor markets which has provided opportunities to achieve top incomes as well as increased inequality; increased educational attainment across the income distribution, greater innovative activity, and higher levels of social capital.
Authors: Russell, Lauren C., Andrews, Michael
Language: English
Open Access status: green
OpenAlex ID: W6922715938
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