EconPapers    
Economics at your fingertips  
 

The Revitalization of Older Industrial Cities: A Review Essay of Retooling for Growth

Timothy J. Bartik ()

No 08-143, Upjohn Working Papers and Journal Articles from W.E. Upjohn Institute for Employment Research

Abstract: This review essay debates the policy issues raised by the book Retooling for Growth: Building a 21st Century Economy in America’s Older Industrial Areas, edited by Richard M. McGahey and Jennifer S. Vey (Brookings Institution Press, 2008). I argue that the main rationale for adopting policies to revitalize older industrial cities is to improve the per capita earnings of urban residents. Therefore, urban economic development policy should be seen as urban labor market policy. Increasing city residents’ earnings requires progress on two fronts: increasing metropolitan labor demand; increasing the quantity and quality of the effective labor supply of city residents so that they can better access high-quality jobs. Effective policies to increase metropolitan labor demand include: reforms to business incentive policies to place more emphasis on providing corporations with in-kind incentives such as customized job training; helping small and medium-sized businesses by providing them with useful information to enhance business productivity. Effective policies to increase city residents’ labor supply include: high-quality preschool education; more time during the early elementary years on core learning tasks; reforming high school to develop stronger links with careers and employers; expanding community college efforts that provide useful career training for high-quality jobs.

Keywords: economic development; local labor markets; retooling for growth; urban labor market policy; metropolitan labor markets (search for similar items in EconPapers)
JEL-codes: R58 R11 R23 R38 (search for similar items in EconPapers)
Date: 2008-11
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Published in Growth and Change 40(1): 1-29.

Downloads: (external link)
http://research.upjohn.org/cgi/viewcontent.cgi?art ... ext=up_workingpapers (application/pdf)
This material is copyrighted. Permission is required to reproduce any or all parts.

Related works:
Journal Article: The Revitalization of Older Industrial Cities: A Review Essay of "Retooling for Growth" (2009) Downloads
Working Paper: The Revitalization of Older Industrial Cities: A Review Essay of 'Retooling for Growth' Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:upj:weupjo:08-143

Access Statistics for this paper

More papers in Upjohn Working Papers and Journal Articles from W.E. Upjohn Institute for Employment Research
Address: 300 S. Westnedge Ave. Kalamazoo, MI 49007 USA
Contact information at EDIRC.
Series data maintained by ().

 
Page updated 2014-12-06
Handle: RePEc:upj:weupjo:08-143