Research suggests that merit scholarship programs increase college enrollment in states that adopt them but post-college migration may limit the effect these programs have on the stock of college-educated labor in those states. In this paper we consider the effect of Georgia's HOPE Scholarship...

Previous research suggests that the local stock of human capital creates positive externalities within local labor markets and plays an important role in regional economic development. However, there is still considerable uncertainty over what types of human capital are most important. Both...