Submitted manuscript, 221 KB, PDF document
Research output: Working paper
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TY - UNPB
T1 - Skills and earnings revisited
AU - Johnes, G
PY - 2005
Y1 - 2005
N2 - Regression and neural network models of wage determination are constructed where the explanatory variables include detailed information about skills. People skills, strategic skills, and IT skills all carry strong and significant wage premia; problem-solving skills (surprisingly) and physical skills (less surprisingly) do not. In contrast to the impact of school curriculum on subsequent earnings, the neural network modelling procedure does not pick up any significant nonlinearities in the relationship between skills and earnings.
AB - Regression and neural network models of wage determination are constructed where the explanatory variables include detailed information about skills. People skills, strategic skills, and IT skills all carry strong and significant wage premia; problem-solving skills (surprisingly) and physical skills (less surprisingly) do not. In contrast to the impact of school curriculum on subsequent earnings, the neural network modelling procedure does not pick up any significant nonlinearities in the relationship between skills and earnings.
KW - skills
KW - earnings
KW - neural networks
M3 - Working paper
T3 - Economics Working Paper Series
BT - Skills and earnings revisited
PB - The Department of Economics
CY - Lancaster University
ER -