6533b836fe1ef96bd12a086e
RESEARCH PRODUCT
Employment effects of skills around the world: Evidence from the PIAAC
Damir Stijepicsubject
Organizational Behavior and Human Resource ManagementActuarial scienceStrategy and Managementmedia_common.quotation_subjecteducation05 social sciencesInternational comparisons050209 industrial relationsInternational surveyPercentage pointStandard deviationNumeracyManagement of Technology and Innovation0502 economics and businessUnemploymentEconomicsDemographic economicsCognitive skill050207 economicsmedia_commondescription
Using an international survey that directly assesses the cognitive skills of participants, the author studies the effect of skills on employment in 32 countries. On average, a 1 standard deviation increase in numeracy is associated with an 8.4 percentage point increase in the probability of being employed, reducing the probability of being out of the labour force and unemployed by 6.4 and 2.1 percentage points, respectively. After controlling for numeracy, the estimated employment effect of years in education falls by one third, from 2.7 to 1.8 percentage points. Notably, the employment effect of skills is more pronounced in countries with higher unemployment.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2020-08-07 | International Labour Review |