Skills and Earnings in the Full-Time Labor Market. The Impact of Human Capital in the American Labor Market Series

Autor/inn/en	Fogg, Neeta; Harrington, Paul; Khatiwada, Ishwar
Institution	Educational Testing Service (ETS), Center for Research on Human Capital and Education
Titel	Skills and Earnings in the Full-Time Labor Market. The Impact of Human Capital in the American Labor Market Series
Quelle	(2018), (64 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Job Skills; Income; Labor Market; Human Capital; Higher Education; Education Work Relationship; College Students; Educational Benefits; Educational Attainment; Work Experience; Adults; Employees; Literacy; Numeracy; Skilled Workers; Semiskilled Workers; White Collar Occupations; Blue Collar Occupations; Demography + Suchen Sie Ihr Suchwort? Produktive Fertigkeit; Einkommen; Labour market; Arbeitsmarkt; Humankapital; Hochschulbildung; Hochschulsystem; Hochschulwesen; Collegestudent; Bildungsertrag; Bildungsabschluss; Bildungsgut; Employment experience; Job experience; Occupational experience; Berufserfahrung; Employee; Arbeitnehmer; Beschäftigter; Alphabetisierung; Schreib- und Lesefähigkeit; Rechenkompetenz; Facharbeiter; Semi-skilled worker; Semi-skilled workers; Semiskilled worker; Ungelernter Arbeitnehmer; Angelernter Arbeitnehmer; Angestelltenberuf; Demografie
Abstract	This paper is the first in a series of policy reports dealing with the impact of human capital investments on the U.S. labor market. It is part of a larger series of papers from the ETS Center for Research on Human Capital and Education that uses data from the "Programme for the International Assessment of Adult Competencies" (PIAAC) to better understand the relationship between human capital and opportunity in America today. Research on labor market gains associated with investments in human capital most frequently relies on years of schooling completed, or educational credentials, as a measure of human capital. Indeed, it is commonplace in speeches by college presidents to touch upon the increased earnings associated with a college education. Over the past four decades, the size of the average earnings advantage for completing a bachelor's degree has grown substantially. Large increases in college enrollment rates among young people have resulted--as have large increases in college tuition and fees and skyrocketing student debt. Yet while the gains from a college education can be quite large, that's not the whole story. Like any investment activity, the economic payoffs do not accrue to everyone. This paper raises the specter that, under some conditions, college enrollment may offer no economic benefit at all. Using newly available data on the literacy and numeracy proficiencies of American adults produced by the Survey of Adult Skills of PIAAC, this paper examines the independent effects of three key measures of human capital--basic skills, educational attainment, and work experience--on the earnings of prime-age (25 to 54 years old), full-time employed workers in the United States. In line with human capital theory, this study found a strong connection between earnings and each measure, with the details revealing strong gains for those with the most skills and education, but little or no gain, in one particular example, for those who fail to gain a bachelor's degree. (ERIC).
Anmerkungen	ETS Center for Research on Human Capital and Education. Available from: Educational Testing Service. Rosedale Road Mailstop 13E, Princeton, NJ 08541. Tel: 609-921-9000; Fax: 609-734-5410; Web site: https://www.ets.org/research/report/opportunity/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01