Tuesday, November 18, 2014

The Economic Geography of Workforce Development

Brain drain is economic development at Pacific Standard magazine.

Theme: Brain drain boondoggles.

Subject Article: "Retaining Recent College Graduates in Boston: Is There a Brain Drain?"

Other Links: 1. "Location, location, location! Why space matters in demography and why we should care."
2. "Keeping the best minds local."
3. "Income per Natural: Measuring Development as if People Mattered More Than Places."

Postscript: Economist Edward Glaeser wrote, "Retaining talent requires us to fight the regulations that make entrepreneurship too rare and housing too expensive." He's wrong. If you disagree, then read this. I accept Glaeser's conclusion that land use regulation drives up real estate prices. But when Glaeser infers migration patterns from his analysis, he looks foolish. He's over-interpreting his results. I wouldn't care save that others take such statements as policy gospel. Where's the proof that fighting regulation that makes housing too expensive retains talent? The evidence (you know, actual migration research) says otherwise. If you find evidence linking zoning regulations to migration, please share. That would be useful regarding gentrification. Citing Glaeser or other similar work as proof that zoning deregulation would help mitigate gentrification is ignorant.

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