As with the previous reports in the series, this new report relies on the rich source of data from the Programme for the International Assessment of Adult Competencies (PIAAC), including direct assessment of literacy and numeracy skills and a host of information on education, income, and other demographic characteristics. But what is unique in…

This article provides empirical evidence on the relation between institutional characteristics of labour markets that frame allocation processes, and optimal skill matching at the individual level. We investigate the extent to which skill-based job-worker matches are associated with employment protection legislation (EPL), unemployment benefits,…

In this new policy report, the fourth in a series examining the impact of human capital in the American labor market from the Educational Testing Service (ETS) Center for Research on Human Capital Education, the authors take a unique perspective on the critical link between human capital and labor market outcomes by expanding the analysis to…

This report makes the case for a shift in emphasis in U.S. education and workforce development policy. Specifically, the report sets out a rationale for investing more in upgrading the foundational skill levels of the U.S. workforce. The report summarizes the results of studies that used data from the 1994 International Adult Literacy Survey…

Education determines life chances across the globe, but human capital and skill formation offer context-specific advantages in the labour market during the transition from school to work. Our study focuses specifically on the varying effects of low skill on youth 'not in employment, education or training' (NEET) statuses via educational…

Job automation is a topical issue in a technology-driven labor market. However, greater amounts of human capital (e.g., often measured by education, and information-processing skills, including adult literacy) are linked with job security. A knowledgeable and skilled labor force better resists unemployment and/or rebounds from job disruption…

Occupational mismatch is a highly debated phenomenon in developed countries, but rarely addressed in developing economies. This study investigates the magnitudes of overeducation and overskilling in four Latin American countries in which tertiary education has expanded rapidly (i.e. Chile, Ecuador, Mexico and Peru). Using objective and subjective…

Job automation is a topical issue in a technology-driven labor market. However, greater amounts of human capital (e.g., often measured by education, and information-processing skills, including adult literacy) are linked with job security. A knowledgeable and skilled labor force better resists unemployment and/or rebounds from job disruption…

Using data from the Program for the International Assessment of Adult Competencies, this paper compares the earnings premium and employment share of jobs in Science, Technology, Engineering and Mathematics (STEM) across 11 member countries of the Organisation for Economic Co-operation and Development. The results reveal that the STEM wage premium…

Using data from the Program for the International Assessment of Adult Competencies, this paper compares the earnings premium and employment share of jobs in Science, Technology, Engineering and Mathematics (STEM) across 11 member countries of the Organisation for Economic Co-operation and Development. The results reveal that the STEM wage premium…

Background: One way of evaluating immigrants' labor market outcomes is to assess the extent to which immigrants are able to enter into jobs that are commensurate with their education and experience. An imperfect alignment between workers' educational qualifications and these required for their current job, or education-job mismatch, has…

Utilizing the Survey of Adult Skills from the Program for the International Assessment of Adult Competencies (PIAAC) and the OECD database, this study investigates the role of gender inequality and public social spending in the gender gap in Not in Employment, Education, or Training (NEET) risk across various age cohorts. The research identifies a…

College-educated immigrants in the United States are more likely to have advanced degrees and to major in science, technology, engineering, and math (STEM) fields than their U.S.-born peers with college degrees. But their educational levels have not always translated into occupational gains: They are more likely than U.S.-born workers to be…

Policy discussions in the United States on the link between college majors and earnings have under-appreciated the role of cognitive skills. This study uses the Programme for the International Assessment of Adult Competencies, a unique data set that contains information on individual cognitive skills, college majors and earnings to investigate the…

Part-time workers' earnings are much lower than those of their full-time counterparts, a difference often referred to as the part-time wage penalty. The mean hourly wage of part-time workers is only two-thirds that of full-time workers. Despite this wage penalty, there were no significant differences between part- and full-time workers in literacy…