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Coping with Change: International Differences in the Returns to Skills

Education and Skills

Expanded international data from the PIACC survey of adult skills allow us 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 adaption to dynamic economic change.

589wp.pdf (252.11 KB)
Eric A. Hanushek
Guido Schwerdt
Simon Wiederhold
Ludger Woessmann
Publication Date
September, 2016