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Coping with change: International differences in the returns to skills

Author

Listed:
  • Hanushek, Eric A.
  • Schwerdt, Guido
  • Wiederhold, Simon
  • Wößmann, Ludger
Abstract
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.

Suggested Citation

  • Hanushek, Eric A. & Schwerdt, Guido & Wiederhold, Simon & Wößmann, Ludger, 2017. "Coping with change: International differences in the returns to skills," Munich Reprints in Economics 49901, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenar:49901
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    References listed on IDEAS

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    1. Daniel Münich & Jan Svejnar & Katherine Terrell, 2005. "Returns to Human Capital Under The Communist Wage Grid and During the Transition to a Market Economy," The Review of Economics and Statistics, MIT Press, vol. 87(1), pages 100-123, February.
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    More about this item

    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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