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1、TheWiderImpactsofHigh-TechnologyEmployment:EvidencefromU.S.CitiesTomKemenyandTanerOsmanWorkingpaper16September2017IIIWorkingpaper16TomKemenyandTanerOsmanLSEInternationalInequalitiesInstituteTheInternationalInequalitiesInstitute(III)basedattheLondonSchoolofEcono
2、micsandPoliticalScience(LSE)aimstobetheworld’sleadingcentreforinterdisciplinaryresearchoninequalitiesandcreaterealimpactthroughpolicysolutionsthattackletheissue.TheInstituteprovidesagenuinelyinterdisciplinaryforumunlikeanyother,bringingtogetherexpertisefromacro
3、sstheSchoolanddrawingonthethinkingofexpertsfromeverycontinentacrosstheglobetoproducehighqualityresearchandinnovationinthefieldofinequalities.ForfurtherinformationontheworkoftheInstitute,pleasecontacttheInstituteManager,LizaRyanate.ryan@lse.ac.uk.InternationalIn
4、equalitiesInstituteTheLondonSchoolofEconomicsandPoliticalScienceHoughtonStreetLondonWC2A2AEEmail:Inequalities.institute@lse.ac.ukWebsite:www.lse.ac.uk/III@LSEInequalitiesLSEInequalities©TomKemenyandTanerOsman.Allrightsreserved.Shortsectionsoftext,nottoexceedtwo
5、paragraphs,maybequotedwithoutexplicitpermissionprovidedthatfullcredit,includingnotice,isgiventothesource.2IIIWorkingpaper16TomKemenyandTanerOsmanAbstractInnovative,high-technologyindustriesarecommonlydescribedasdriversofregionaldevelopment.‘Tech’workersearnhig
6、hwages,buttheyallegedlygenerateknock-oneffectsthroughoutthelocaleconomiesthathostthem,producingnewjobsandraisingwagesinnontradableactivities.Atthesametime,iniconichigh-techagglomerationsliketheSanFranciscoBayArea,thehomeofSiliconValley,thesuccessofthetechindust
7、rycreatestensions,inpartaslivingcostsrisebeyondthereachofmanynon-techworkers.AcrossalargesampleofUScities,thispaperexplorestheseissuessystematically.Combiningannualdataonwages,employmentandpricesfromtheQuarterlyCensusofEmploymentandWages,theDepartmentofHousinga
8、ndUrbanDevelopmentandtheConsumerPriceIndex,itestimateshowgrowthintradabletechemploymentaffectsthereal,living-costdeflatedwagesoflocalworkersinnontradablesectors.Resultsindic