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The university's Janus face: The innovation–inequality nexus

Richard Florida and Ruben Gaetani

Managerial and Decision Economics, 2020, vol. 41, issue 6, 1097-1112

Abstract: The university is a key source of talent and a key driver of innovation and economic growth in a knowledge‐based economy. But, in performing these economic functions, it also contributes to economic and spatial inequality. Our research uses a variety of new data to examine this Janus face of the university in innovation and inequality across U.S. metro areas. We find evidence that the university plays a role in both regional innovation, boosting local patenting and startup companies, and in economic inequality, with higher rates of income and occupational segregation in metros with highly rated universities.

Date: 2020
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