Coping with Change: International Differences in the Returns to Skills

Author/s
Eric A. Hanushek
Guido Schwerdt
Simon Wiederhold
Ludger Woessmann
Published Date
Apr-17
Publication
Economic Letters
Details
153
Pages
pp. 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.