Experience and the returns to education and skill in OECD countries: Evidence of employer learning?
Using the Survey of Adult Skills (PIAAC), this paper documents how the returns to education and skill change with experience for a sample of 22 OECD countries. It does this within the framework of the Altonji and Pierret (2001) employer learning model, and therefore also tests the relevance of this...
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| Format: | Elektronisch Buchkapitel |
| Sprache: | English |
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Paris
OECD Publishing
2015
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| Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Zusammenfassung: | Using the Survey of Adult Skills (PIAAC), this paper documents how the returns to education and skill change with experience for a sample of 22 OECD countries. It does this within the framework of the Altonji and Pierret (2001) employer learning model, and therefore also tests the relevance of this theory in a wide range of countries using comparable data and a consistent methodology. Significant heterogeneity is found in the experience profiles of the returns to education and skill across countries, and convincing evidence in support of the employer learning theory is only found in a sub-set of the countries analysed. While these countries vary significantly from one another in terms of their labour market institutions and educational systems, the analysis does seem to suggest that employer learning is most common in those countries where employment protection legislation on temporary contracts is weak. This is consistent with a model in which temporary contracts allow employers to test and learn about young workers, and give them the flexibility to adjust wages in line with observed productivity. JEL codes: J24, J32, D83 Keywords: Employer learning, returns to education, returns to skill |
| Beschreibung: | 1 Online-Ressource (25 Seiten) 21 x 28cm |
| DOI: | 10.1787/eco_studies-2015-5jrs3sqrvzg5 |
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| spelling | Broecke, Stijn Verfasser aut Experience and the returns to education and skill in OECD countries Evidence of employer learning? Stijn Broecke Paris OECD Publishing 2015 1 Online-Ressource (25 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier Using the Survey of Adult Skills (PIAAC), this paper documents how the returns to education and skill change with experience for a sample of 22 OECD countries. It does this within the framework of the Altonji and Pierret (2001) employer learning model, and therefore also tests the relevance of this theory in a wide range of countries using comparable data and a consistent methodology. Significant heterogeneity is found in the experience profiles of the returns to education and skill across countries, and convincing evidence in support of the employer learning theory is only found in a sub-set of the countries analysed. While these countries vary significantly from one another in terms of their labour market institutions and educational systems, the analysis does seem to suggest that employer learning is most common in those countries where employment protection legislation on temporary contracts is weak. This is consistent with a model in which temporary contracts allow employers to test and learn about young workers, and give them the flexibility to adjust wages in line with observed productivity. JEL codes: J24, J32, D83 Keywords: Employer learning, returns to education, returns to skill Economics https://doi.org/10.1787/eco_studies-2015-5jrs3sqrvzg5 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Broecke, Stijn Experience and the returns to education and skill in OECD countries Evidence of employer learning? Economics |
| title | Experience and the returns to education and skill in OECD countries Evidence of employer learning? |
| title_auth | Experience and the returns to education and skill in OECD countries Evidence of employer learning? |
| title_exact_search | Experience and the returns to education and skill in OECD countries Evidence of employer learning? |
| title_exact_search_txtP | Experience and the returns to education and skill in OECD countries Evidence of employer learning? |
| title_full | Experience and the returns to education and skill in OECD countries Evidence of employer learning? Stijn Broecke |
| title_fullStr | Experience and the returns to education and skill in OECD countries Evidence of employer learning? Stijn Broecke |
| title_full_unstemmed | Experience and the returns to education and skill in OECD countries Evidence of employer learning? Stijn Broecke |
| title_short | Experience and the returns to education and skill in OECD countries |
| title_sort | experience and the returns to education and skill in oecd countries evidence of employer learning |
| title_sub | Evidence of employer learning? |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-2015-5jrs3sqrvzg5 |
| work_keys_str_mv | AT broeckestijn experienceandthereturnstoeducationandskillinoecdcountriesevidenceofemployerlearning |