Mixed findings characterize the literature on skills and economic distributions within and across countries. The Programme for the International Assessment of Adult Competencies (PIAAC) offers new, internationally comparable data on literacy, numeracy, and digital problem-solving skills that can be combined with wage information. This paper…

Ample evidence indicates that a person's human capital is important for success on the labor market in terms of both wages and employment prospects. However, unlike the efforts to identify the impact of school attainment on labor-market outcomes, the literature on returns to cognitive skills has not yet provided convincing evidence that the…

Many students do not complete full qualifications in the vocational education and training (VET) system because their intention is to obtain only the particular skills they require. This can be achieved through the acquisition of skill sets; these enable flexibility in training to quickly respond to changes in the labour market. Skill sets may…

Overskilling is the phenomenon whereby a worker's skills are underutilised in his or her job. Overskilled workers are employed, but they are underutilised and mismatched, in that their skills and abilities are not a good match with the requirements of the job. Overskilling can lead to decreased wages and job satisfaction, which suggests that the…

This paper examines the outcome of over-skilling and over-education on wages and job satisfaction of full-time employees in Australia between 2001 and 2008. We employ a random effects probit model with Mundlak corrections. We find differences by type of mismatch, education pathway, and gender. We categorise reported mismatches as genuine…

Discusses the debate over whether lowering youth wages would materially help the young unemployed to find jobs. The author sets out some of the theoretical and factual background to the debate, and gives references to the few serious inquiries made in the last three or four years. (CT)

This study identifies the factors which explain why individuals enter or do not enter traditional trade apprenticeships. Two sources of information are used--students in secondary schools and current apprentices (including those who have recently completed their training). Specifically, information was obtained from about 800 apprentices and close…

Examines the comparative labor market experience of youth in the United States and eight other developed countries from 1960-1979, focusing upon unemployment levels and rates. Finds that the situation worsened in industrialized nations after the 1974-75 recession and that Japanese and German youth continue to have the most favorable job prospects.…

Data from Australia's Department of Employment, Education and Training were analyzed to determine the relationship between the costs and returns of secondary education in Australia. The analysis focused on changes in the following: the earnings premium from having a level of educational attainment equivalent to completing at least secondary…

This publication is comprised of 12 position papers from the National Equity Workshop held at the University of Technology Sidney (Australia) at which participants summarized their positions on the way equity should be understood, their views on the strengths and weaknesses of current vocational education and training (VET) policy, and what they…