This paper uses direct measures of literacy skill levels provided by the International Adult Literacy Survey to estimate the return to literacy skills. Using a very simple human capital earnings equation and standard ordinary least squares regression, it tested estimates of the return to literacy skills for their robustness to alternative scalings…

Part 1 identifies the far-reaching changes to higher education (HE) in Great Britain during the 1990s. It shows that HE has settled into a new status quo, with a market for new graduates in 2001-02. Findings indicate that around 37 percent of 18-year-olds take part in full-time, further, or higher education; the participation rate at age 19 is now…

A representative survey of over 30,000 people aged 16-64 years across the 15 member states of the European Union and Norway sought Europeans' preferences for increasing or reducing the number of hours worked per week. Key finding included the following: (1) 51% preferred to work fewer hours in exchange for lower earnings while 12% preferred to…