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Coping with Change: International Differences in the Returns to Skills

Author/s: 
Eric A. Hanushek, Guido Schwerdt, Simon Wiederhold, Ludger Woessmann
Published Date: 
January 2017
Publication: 
NBER Working Paper 22657
Details: 
available Economic Letters 153 (April 2017)
Pages: 
15-19

International data from the PIAAC survey allow estimation of comparable labor-market returns to skills for 32 countries. Returns to skills are larger in faster growing economies, consistent with the hypothesis that skills are particularly important for adaptation to economic change.