Language Skills and Economic Returns
AbstractThis article focuses on the contributions from the emerging positivist epistemological approach, endorsed by the economics of language and the economics of education, to study the returns to language skills, assuming that language competencies constitute key components of human capital. It presents initial results from a study on economic returns to language skills in eight countries enrolled in the International Adult Literacy Survey (IALS) – Chile, the Czech Republic, Denmark, Finland, Hungary, Italy, Norway and Italian-speaking Switzerland. The study shows commonalities between countries in terms of language skills valuing, beyond the type of language policy applied at the national level. In each of the eight countries compared, skills in a second language are estimated to be a major factor constraining affecting wage opportunities.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 25069.
Date of creation: 2008
Date of revision:
Publication status: Published in Policy Futures in Education 2.6(2008): pp. 187-202
Returns to education; language skills; IALS;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
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- Ingo Isphording, 2013. "Returns to Local and Foreign Language Skills – Causal Evidence from Spain," Ruhr Economic Papers 0398, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
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