Returns to skills around the world. Evidence from PIAAC.

Autor/inn/en	Hanushek, Eric A.; Schwerdt, Guido; Wiederhold, Simon; Woessmann, Ludger
Titel	Returns to skills around the world. Evidence from PIAAC. Gefälligkeitsübersetzung: Bildungserträge auf der ganzen Welt. Erkenntnisse aus PIAAC.
Quelle	In: European economic review, 73 (2015) January, S. 103-130 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0014-2921; 1873-572X
DOI	10.1016/j.euroecorev.2014.10.006
Schlagwörter	Informationstechnologische Bildung; Kognitive Kompetenz; Bildungsertrag; Bildungsabschluss; Lesen; Mathematik; Einkommenseffekt; Lebenseinkommen; Tarifverhandlung; Kündigungsschutz; Internationaler Vergleich; Welt; Institution; Erwachsener; Belgien; Deutschland; Dänemark; Estland; Finnland; Frankreich; Großbritannien; Irland; Italien; Japan; Kanada; Niederlande; Norwegen; Polen; Schweden; Slowakei; Spanien; Tschechische Republik; USA; Zypern; Österreich
Abstract	"Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct measures of cognitive skills is mostly restricted to early-career workers in the United States. Analysis of the new PIAAC survey of adult skills over the full lifecycle in 23 countries shows that the focus on early-career earnings leads to underestimating the lifetime returns to skills by about one quarter. On average, a one-standard-deviation increase in numeracy skills is associated with an 18 percent wage increase among prime-age workers. But this masks considerable heterogeneity across countries. Eight countries, including all Nordic countries, have returns between 12 and 15 percent, while six are above 21 percent with the largest return being 28 percent in the United States. Estimates are remarkably robust to different earnings and skill measures, additional controls, and various subgroups. Instrumental-variable models that use skill variation stemming from school attainment, parental education, or compulsory-schooling laws provide even higher estimates. Intriguingly, returns to skills are systematically lower in countries with higher union density, stricter employment protection, and larger public-sector shares." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2015/4