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Direct linkPatrinos, Harry Anthony; Sakellariou, Chris – Education Economics, 2015
We examine the importance of adult functional literacy skills for individuals using a quantile regression methodology. The inclusion of the direct measure of basic skills reduces the return to schooling by 27%, equivalent to two additional years of schooling, while a one standard deviation increase in the score increases earnings by 20%. For those…
Descriptors: Adult Literacy, Basic Skills, Outcomes of Education, Educational Benefits
