Schooling, literacy and individual earnings (highlights)
Abstract
Direct measures of skill attainment such as the International Adult Literacy
Survey are used to assess the importance of educational outcome skills such
as literacy in determining labour market outcomes such as earnings. Policy makers
also use them to direct resources most efficiently. However, these skill measures
are the product of complex statistical procedures. This paper examines the mathematical
robustness of the International Adult Literacy Survey measures against other
possibilities in estimating the impact of literacy on individual earnings.
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