Coping with Change: International Differences in the Returns to Skills
CESifo, Munich, 2016
CESifo Working Paper No. 6114
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.
Labour Markets
Economics of Education
Also published as: NBER Working Paper 22657, Information