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Urban Growth and Ivory Towers

22 August 2019

"This plays out over and over, at every scale and within every state," says Muro. And while major coastal metros may attract a higher concentration of elite firms and global talent, midsize cities with universities benefit more from a "stickiness factor," says John Van Reenen, a professor at the MIT Sloan School of Management who co-authored a 2016 study on the economic impact of universities around the world. Students are more likely to come from the surrounding area, and more likely to stay once they graduate. For otherwise struggling regions the presence of a strong college, says Van Reenen, "can actually be a lifeline."

The Economic Impact of Universities: Evidence from Across the Globe, Anna Valero, John Van Reenen. NBER Working Paper No. 22501. Issued in August 2016, Revised in December 2016.NBER Program(s): Economics of Education, Labor Studies

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