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Coping with Change: International Differences in the Returns to Skills

Author

Listed:
  • Eric Hanushek

  • Guido Schwerdt

  • Simon Wiederhold

  • Ludger Woessmann

Abstract

Expanded international data from the PIAAC survey of adult skills allows this paper to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have grown faster in the recent past, consistent with models where skills are particularly important for adaptation to dynamic economic change. [Working Paper 22657]

Suggested Citation

  • Eric Hanushek & Guido Schwerdt & Simon Wiederhold & Ludger Woessmann, 2016. "Coping with Change: International Differences in the Returns to Skills," Working Papers id:11332, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:11332
    Note: Institutional Papers
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    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • I20 - Health, Education, and Welfare - - Education - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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