Coping with Change: International Differences in the Returns to Skills

Eric Hanushek, Guido Schwerdt, Simon Wiederhold () and Ludger Woessmann

No 10249, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have grown faster in the recent past, consistent with models where skills are particularly important for adaptation to dynamic economic change.

Keywords: economic growth; returns to education; cognitive skills; international comparisons (search for similar items in EconPapers)
JEL-codes: I20 J31 O15 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2016-09
New Economics Papers: this item is included in nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in: Economics Letters, 2017, 153, 15-19

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Related works:
Journal Article: Coping with change: International differences in the returns to skills (2017)
Working Paper: Coping with Change: International Differences in the Returns to Skills (2017)
Working Paper: Coping with change: International differences in the returns to skills (2017)
Working Paper: Coping with Change: International Differences in the Returns to Skills (2016)
Working Paper: Coping with Change: International Differences in the Returns to Skills (2016)
Working Paper: Coping with change: International differences in returns to skills (2016)
Working Paper: Coping with Change: International Differences in the Returns to Skills (2016)
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