Human Capital Formation in the Labour Market

11 Pages Posted: 6 Dec 2017

See all articles by Juan F. Jimeno

Juan F. Jimeno

Banco de España - Research Department; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Aitor Lacuesta

Banco de España

Marta Martinez-Matute

Banco de España

Ernesto Villanueva

Banco de España - Research Department

Date Written: October 31, 2017

Abstract

The data from the OECD’s Programme for the International Assessment of Adult Competences (PIAAC) allow comparable measures of several aspects of human capital in 13 developed economies to be obtained. Drawing on these data, this article shows that work experience improves the numeracy and literacy skills of low-educated workers, a result that is observed in economies with different labour market institutions, educational systems and workforce compositions. The analyses performed suggest that on-the-job learning contributes considerably to the human capital of less educated individuals, which may help steer the formulation of active employment policies.

Suggested Citation

Jimeno, Juan F. and Lacuesta, Aitor and Martinez-Matute, Marta and Villanueva, Ernesto, Human Capital Formation in the Labour Market (October 31, 2017). Banco de Espana Article 28/17. Available at SSRN: https://ssrn.com/abstract=3082755

Juan F. Jimeno (Contact Author)

Banco de España - Research Department ( email )

Alcala 48
28014 Madrid
Spain

Centre for Economic Policy Research (CEPR)

London
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Aitor Lacuesta

Banco de España ( email )

Madrid 28014
Spain

Marta Martinez-Matute

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Ernesto Villanueva

Banco de España - Research Department ( email )

Alcala 50
28014 Madrid
Spain

Register to save articles to
your library

Register

Paper statistics

Downloads
27
Abstract Views
97
PlumX Metrics