Interpersonal, cognitive, and manual skills: How do they shape employment and wages?

Girsberger, EM; Koomen, M; Krapf, M

Interpersonal, cognitive, and manual skills: How do they shape employment and wages?

Girsberger, EM Koomen, M Krapf, M

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Publisher:: ELSEVIER
Publication Type:: Journal Article
Citation:: Labour Economics, 2022, 78
Issue Date:: 2022-10-01

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Field	Value	Language
dc.contributor.author	Girsberger, EM
dc.contributor.author	Koomen, M
dc.contributor.author	Krapf, M
dc.date.accessioned	2022-11-30T04:27:39Z
dc.date.available	2022-11-30T04:27:39Z
dc.date.issued	2022-10-01
dc.identifier.citation	Labour Economics, 2022, 78
dc.identifier.issn	0927-5371
dc.identifier.issn	1879-1034
dc.identifier.uri	http://hdl.handle.net/10453/163919
dc.description.abstract	We study how interpersonal, cognitive, and manual skills affect employment and wages in a search and matching model through their impact on productivity, complementarity, job destruction, and the cost of unemployment. Combining several data sets on workers who acquired skills in vocational education and training (VET), we quantify each channel, allowing for unobserved heterogeneity in ability. All three skills increase productivity, yet they affect job destruction rates differentially. While manual skills are associated with lower job destruction, interpersonal and cognitive skills have the opposite effect. Focusing on low-ability workers, we then estimate the value of VET. Through VET, wages increase up to 10% and unemployment drops by over 50%. Low-ability workers thus have particularly large benefits from acquiring manual skills because they increase wages and shield from unemployment.
dc.language	English
dc.publisher	ELSEVIER
dc.relation.ispartof	Labour Economics
dc.relation.isbasedon	10.1016/j.labeco.2022.102235
dc.rights	info:eu-repo/semantics/embargoedAccess
dc.subject	1402 Applied Economics, 1403 Econometrics
dc.subject.classification	Economics
dc.title	Interpersonal, cognitive, and manual skills: How do they shape employment and wages?
dc.type	Journal Article
utslib.citation.volume	78
utslib.for	1402 Applied Economics
utslib.for	1403 Econometrics
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	embargoed	*
utslib.copyright.embargo	2024-10-01T00:00:00+1000Z
dc.date.updated	2022-11-30T04:27:37Z
pubs.publication-status	Published
pubs.volume	78

Abstract:

We study how interpersonal, cognitive, and manual skills affect employment and wages in a search and matching model through their impact on productivity, complementarity, job destruction, and the cost of unemployment. Combining several data sets on workers who acquired skills in vocational education and training (VET), we quantify each channel, allowing for unobserved heterogeneity in ability. All three skills increase productivity, yet they affect job destruction rates differentially. While manual skills are associated with lower job destruction, interpersonal and cognitive skills have the opposite effect. Focusing on low-ability workers, we then estimate the value of VET. Through VET, wages increase up to 10% and unemployment drops by over 50%. Low-ability workers thus have particularly large benefits from acquiring manual skills because they increase wages and shield from unemployment.

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http://hdl.handle.net/10453/163919