@EdWorkingPaper{ai21-449,
title = "Higher Education and Local Educational Attainment: Evidence from the Establishment of U.S. Colleges",
author = "Lauren Russell, Lei Yu, Michael J. Andrews",
institution = "Annenberg Institute at Brown University",
number = "449",
year = "2021",
month = "August",
URL = "http://www.edworkingpapers.com/ai21-449",
abstract = {We investigate how the presence of a college affects local educational attainment using historical natural experiments in which "runner-up" locations were strongly considered to become college sites but ultimately not chosen for as-good-as-random reasons. While runner-up counties have since had opportunity to establish their own colleges, winners are still more likely to have a college today. Using this variation, we find that winning counties today have college degree attainment rates 58% higher than runner-up counties and have larger shares of employment in high human capital sectors. These effects are not driven primarily by college employees, migration, or local development.},
}