Returns to Skills Around the World

From a new working paper:

On average, a one-standard- divergence growth inwards numeracy skills is associated alongside an xviii pct wage growth amidst prime-age workers. But this masks considerable heterogeneity across countries. Eight countries, including all Nordic countries, bring returns betwixt 12 in addition to xv percent, field vi are inwards a higher house 21 pct alongside the largest provide existence 28 pct inwards the United States. Estimates are remarkably robust to dissimilar net turn a profit in addition to science measures, additional controls, in addition to diverse subgroups. Intriguingly, returns to skills are systematically lower inwards countries alongside higher spousal human relationship density, stricter utilisation protection, in addition to larger public-sector shares.

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