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Returns to skills around the world : evidence from PIAAC

Hanushek, Eric Alan; Schwerdt, Guido; Wiederhold, Simon; … - 2014

Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...

Persistent link: https://www.econbiz.de/10010235845

Coping with change : international differences in the returns to skills

Hanushek, Eric Alan; Schwerdt, Guido; Wiederhold, Simon; … - 2016

Expanded international data from the PIAAC 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...

Persistent link: https://www.econbiz.de/10011544331

Ageing and the tax implied in public pension schemes : simulations for selected OECD countries

Fenge, Robert; Werding, Martin - 2003

A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the implicit tax that is levied on each generation s life-time income through participation in these systems. The implicit tax arises from the fact that, quite...

Persistent link: https://www.econbiz.de/10011514127

The efficiency of educational production : a comparison of the Nordic countries with other OECD countries

Bogetoft Pedersen, Peter; Heinesen, Eskil; Tranæs, Torben - 2015

Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...

Persistent link: https://www.econbiz.de/10011343085

Individualism, human capital formation, and labor market success

Hartinger, Katharina; Resnjanskij, Sven; Ruhose, Jens; … - 2021

There is an ongoing debate about the economic effects of individualism. We establish that individualism leads to better educational and labor market outcomes. Using data from the largest international adult skill assessment, we identify the effects of individualism by exploiting variation...

Persistent link: https://www.econbiz.de/10012668026

Returns to ICT skills

Oliver, Falck; Heimisch-Röcker, Alexandra; Wiederhold, … - 2016

How important is mastering information and communication technologies (ICT) in modern labor markets? We present the first evidence on this question, drawing on unique data that provide internationally comparable information on ICT skills in 19 countries. Our identification strategy relies on the...

Persistent link: https://www.econbiz.de/10011416403

Intelligence, personality and gains from cooperation in repeated interactions

Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis - 2016

Intelligence and personality significantly affect social outcomes of individuals. We study how and why these traits … levels of certain traits, such as higher or lower levels of intelligence, Conscientiousness and Agreeableness. We find that … intelligence has a large and positive long-run effect on cooperative behavior when there is a conflict between short-run gains and …

Persistent link: https://www.econbiz.de/10011547729

Intelligence disclosure and cooperation in repeated interactions

Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; … - 2021

We investigate in a laboratory setting whether revealing information on intelligence affects behavior in games with … hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against … disrupts coordination on outcomes with positive payoffs, as higher intelligence players try to force their most preferred …

Persistent link: https://www.econbiz.de/10012652718

The information value of central school exams

Schwerdt, Guido; Woessmann, Ludger - 2015

The central vs. local nature of high-school exit exam systems can have important repercussions on the labor market. By increasing the informational content of grades, central exams may improve the sorting of students by productivity. To test this, we exploit the unique German setting where...

Persistent link: https://www.econbiz.de/10011283839

Assessing the efficiency of an insurance provider : a measurement error approach

Jametti, Mario; Ungern-Sternberg, Thomas von - 2003

The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in Switzerland. The most commonly used measure for this kind of exercise is the Claims / Premium ratio. We argue that this measure may give strongly biased results. We develop a simple...

Persistent link: https://www.econbiz.de/10011507834