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| Monika Köppl-turyna and Michael Christl |
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| ''Returns to Skills or Returns to Tasks? A Comment on Hanushek et al. (2015)'' |
| ( 2018, Vol. 38 No.2 ) |
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| We comment on the work of Hanushek et al. (2015) and show that returns to skills are very
heterogeneous and depend crucially on the tasks performed in the workplace, in line with the
critique by Acemoglu and Autor (2011). Depending on the types of tasks performed at work as
well as on occupations, returns to cognitive skills can vary between null and numbers much higher
than those reported by Hanushek et al. (2015). We show that both tasks and skills are important
factors for determining returns on the labor market. |
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| Keywords: Cognitive skills, Human capital, Labor market, Earnings, Rate of return |
JEL: J3 - Wages, Compensation, and Labor Costs: General
I2 - Education: General |
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| Manuscript Received : Oct 04 2017 | | Manuscript Accepted : Apr 15 2018 |
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