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Adult skills and labor market conditions during teenage years: Cross-country evidence from ALL and PIAAC

Author

Listed:
  • Marianne Haraldsvik

    (Department of Economics, Norwegian University of Science and Technology
    Center for Economic Research at NTNU)

  • Bjarne Strøm

    (Department of Economics, Norwegian University of Science and Technology)

Abstract

Do individuals finishing compulsory school in economic downturns end up with higher skills in adulthood than comparable individuals that finish compulsory school in economic upturns? This paper answers this question by exploring data on country unemployment rates combined with individual data on educational attainment and adult skills in numeracy and literacy from the Program for the International Assessment of Adult Competencies (PIAAC) and the Adult Literacy and Life Skills Survey (ALL). We find that completed education is countercyclical, and the same pattern is found for adult skills in numeracy and literacy. The results are fairly robust across different model specifications including fixed country and cohort effects and country specific cohort trends. The results indicates that the labor market conditions at the time when young people make crucial educational decisions have long lasting effect on skills and potential earnings in adulthood.

Suggested Citation

  • Marianne Haraldsvik & Bjarne Strøm, 2020. "Adult skills and labor market conditions during teenage years: Cross-country evidence from ALL and PIAAC," Working Paper Series 18520, Department of Economics, Norwegian University of Science and Technology.
    • Handle: RePEc:nst:samfok:18520
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    File URL: http://www.svt.ntnu.no/iso/WP/2020/3_20.pdf
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    More about this item

    Keywords

    Human capital accumulation; business cycles; adult skills;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I2 - Health, Education, and Welfare - - Education
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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