Coping with Change: International Differences in the Returns to Skills

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.

01. April 2017

Authors Eric A. Hanushek Guido Schwerdt Simon Wiederhold Ludger Woessmann

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