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EPALE - Electronic Platform for Adult Learning in Europe

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Workers’ Skills Are Crucial for Success on Modern Labor Markets

Language: EN

Posted by Eva ALOS MELCHOR

European Expert Network on Economics of Education (EENEE) policy Brief 2/2013 on how workers’ skills are crucial for success on modern labor markets. Funded by the European Commission, DG Education and Culture.

Evidence from the new Programme for the International Assessment of Adult Competencies (PIAAC) suggests that skills are highly valued in modern economies. On average, going up one (out of five) PIAAC proficiency levels is associated with an 18 percent wage increase. But the labor‐market returns to skills differ widely across European countries, from 12 to 24 percent.

 

Resource Author(s): 
Simon Wiederhold, Ludger Woessmann, EENEE
Publication Date:
Friday, 20 December, 2013
Language of the document:
Type of resource: 
National and Policy
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