Coping with Change: International Differences in the Returns to Skills
23 Pages Posted: 10 Oct 2016
There are 3 versions of this paper
Coping with Change: International Differences in the Returns to Skills
CESifo Working Paper Series No. 6114
Number of pages: 22
Posted: 10 Nov 2016
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Coping with Change: International Differences in the Returns to Skills
IZA Discussion Paper No. 10249
Number of pages: 23
Posted: 10 Oct 2016
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Coping with Change: International Differences in the Returns to Skills
NBER Working Paper No. w22657
Number of pages: 22
Posted: 20 Sep 2016
Last Revised: 29 May 2023
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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
JEL Classification: J31, I20, O15
Suggested Citation: Suggested Citation
Hanushek, Eric A. and Schwerdt, Guido and Wiederhold, Simon and Wiederhold, Simon and Woessmann, Ludger, Coping with Change: International Differences in the Returns to Skills. IZA Discussion Paper No. 10249, Available at SSRN: https://ssrn.com/abstract=2849734 or http://dx.doi.org/10.2139/ssrn.2849734
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