The “Knowledge City” and the “Experience City”: the Main, Mediating, and Moderating Effects of Education on Income and Economic Inequality

Meir Russ (), Gaurav Bansal () and Adam Parrillo ()
Additional contact information
Meir Russ: University of Wisconsin-Green Bay
Gaurav Bansal: University of Wisconsin-Green Bay
Adam Parrillo: University of Wisconsin-Green Bay

Journal of the Knowledge Economy, 2017, vol. 8, issue 3, No 2, 804-829

Abstract: Abstract The new knowledge economy and the experience economy are the two most recent techno-economic paradigms that appear to guide business executives and economic development practitioners and that frame the research of management and economic development academics. In this paper, we distinguished between knowledge cities and experience cities, and we performed a preliminary study of the association and alternative roles of education with income and inequality within urban areas. Specifically, we analyzed a number of competing models that investigate the main, mediating, and moderating effects of education on income and inequality in urban areas in the USA. Our findings suggest that education has a positive role in increasing income and, more importantly, in reducing inequality when we account for the concentration of knowledge and experience-based industries in the city. Distinctively, it is the knowledge-based sector that contributed significantly to this result.

Keywords: Income; Economic inequality; Education; Experience city; Knowledge city (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-015-0278-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
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: https://EconPapers.repec.org/RePEc:spr:jknowl:v:8:y:2017:i:3:d:10.1007_s13132-015-0278-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-015-0278-z

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().