We estimate the market value that employers assign to the complex problem solving (CPS) skills of their employees, using individual-level Mincer-style wage regressions. For the purpose of the study, we collected new and unique data using psychometric measures of CPS and an extensive background questionnaire on employees' personal and work history.…

This report investigates the prediction of labor force status using observed variables, such as gender, age, and immigrant status, and more importantly, measured skill variables, including literacy proficiency and a categorical rating of educational attainment based on the 1994 International Adult Literacy Survey (IALS), the 2003 Adult Literacy…

This study examines cross-national differences in returns to literacy skills and explores possible explanations for such differences. Data from the International Adult Literacy Survey (IALS) are analyzed using multilevel models. Returns to literacy skills are higher in liberal market economies (LMEs) than in social market economies (SMEs).…