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Adult skills and labor market conditions during teenage years: cross-country evidence from international surveys
[journal article]
Abstract Do individuals finishing compulsory school in economic downturns end up with higher skills in adulthood than comparable individuals that finish compulsory school in economic upturns? This article answers this question by exploring data on country unemployment rates combined with individual data on e... view more
Do individuals finishing compulsory school in economic downturns end up with higher skills in adulthood than comparable individuals that finish compulsory school in economic upturns? This article answers this question by exploring data on country unemployment rates combined with individual data on educational attainment and adult skills in numeracy and literacy from the Program for the International Assessment of Adult Competencies. We find that completed education is countercyclical, and the same pattern is found for adult skills in numeracy and literacy. The results are fairly robust across different model specifications including fixed country and cohort effects and country-specific cohort trends. The results indicate that the labor market conditions at the time when young people make crucial educational decisions have long-lasting effect on skills and potential earnings in adulthood.... view less
Keywords
adolescent; young adult; competence; labor market; unemployment; level of education; level of education attained
Classification
Sociology of Education
Sociology of the Youth, Sociology of Childhood
Free Keywords
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity I2 - Education and Research Institutions I21 - Analysis of Education J2 - Demand and Supply of Labor J24 - Human Capital; Skills; Occupational Choice; Labor Productivity; PIAAC
Document language
English
Publication Year
2022
Page/Pages
3 p.
Journal
Oxford Economic Papers, 74 (2022) 894-919
DOI
https://doi.org/10.1093/oep/gpab057
ISSN
0030-7653
Status
Published Version; peer reviewed