Regional Studies will publish László Czaller’s article.
The study Increasing Social Returns to Human Capital: Evidence from Hungarian Regions estimates augmented Mincerian wage equations to analyse social returns to human capital in Hungary, using individual-level data from 2002 to 2008. The results show that geographically localized human capital externalities have a strong productivity effect on the wages of local workers, but the strength of this effect falls short of the private returns.