What Do Employers Pay for Employees' Complex Problem Solving Skills?

Autor/inn/en	Ederer, Peer; Nedelkoska, Ljubica; Patt, Alexander; Castellazzi, Silvia
Titel	What Do Employers Pay for Employees' Complex Problem Solving Skills?
Quelle	In: International Journal of Lifelong Education, 34 (2015) 4, S.430-447 (18 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0260-1370
DOI	10.1080/02601370.2015.1060026
Schlagwörter	Foreign Countries; Participative Decision Making; Employers; Wages; Regression (Statistics); Employer Attitudes; Psychometrics; Measures (Individuals); Questionnaires; Work Experience; Correlation; Statistical Distributions; Intelligence Tests; Predictor Variables; Denmark; France; Germany; Slovakia; South Africa; Spain; Switzerland; International Adult Literacy Survey; Raven Progressive Matrices + Suchen Sie Ihr Suchwort? Ausland; Wage; Löhne; Regression; Regressionsanalyse; Arbeitgeberinteresse; Psychometry; Psychometrie; Messdaten; Fragebogen; Employment experience; Job experience; Occupational experience; Berufserfahrung; Korrelation; Wahrscheinlichkeitsverteilung; Intelligence test; Intelligenztest; Prädiktor; Dänemark; Frankreich; Deutschland; Slowakei; Südafrika; Süd-Afrika; Republik Südafrika; Südafrikanische Republik; Spanien; Schweiz
Abstract	We estimate the market value that employers assign to the complex problem solving (CPS) skills of their employees, using individual-level Mincer-style wage regressions. For the purpose of the study, we collected new and unique data using psychometric measures of CPS and an extensive background questionnaire on employees' personal and work history. The data were collected in 16 firms (23 establishments) in Germany, Spain, South Africa, Denmark, Slovakia, Switzerland, and France in the period 2012-2014. We find significant economic returns to CPS in our sample. One standard deviation higher CPS is associated with 10-20% higher hourly wages. The returns to CPS are sizeable even after controlling for fluid intelligence, suggesting that CPS probably captures skills important for modern production that are beyond what general intelligence tests can measure. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01