CAJ | 학술논문

人力资本外部性分为技术外部性、金融外部性和非市场外部性，人力资本集聚所产生的这些外部性会最终影响到区域工资水平。采用中国35个大中城市的面板数据，以及高等学校在校学生数和教师数两个代理变量对人力资本外部性进行实证分析，研究表明，每1％的工资差距中，有0．2％-0．3％可以归因为人力资本的外部性；第三产业的发展、FDI的增加均有助于工资水平的提高；住房成本与工资水平有显著的正向关系，但工资增长速度远远低于房价增速；人力资本单纯回报较低。
인력자본외부성분위기술외부성、금융외부성화비시장외부성，인력자본집취소산생적저사외부성회최종영향도구역공자수평。채용중국35개대중성시적면판수거，이급고등학교재교학생수화교사수량개대리변량대인력자본외부성진행실증분석，연구표명，매1％적공자차거중，유0．2％-0．3％가이귀인위인력자본적외부성；제삼산업적발전、FDI적증가균유조우공자수평적제고；주방성본여공자수평유현저적정향관계，단공자증장속도원원저우방개증속；인력자본단순회보교저。
Human capital externality contains technology externality, pecuniary externality and nun - market externality, the externality resulting from agglomeration of human capital may influence the regional wage level in the end. Using panel data of 35 large or medium cities in China, the numbers of student and teacher in colleges and universities as two proxy variables, this investigates the human capital externality in China. The research shows： the human capital externality can explain 0.2% -0.3% in every 1% wage gap; the development of the third industry and the increment of FDI can both improve the wage level; there is a significant positive relationship between the housing cost and wage level, however, the increasing rate of wage rate is much more slowly than the housing price; the pure returns of human capital is less in China.