From a new working paper:
On average, a one-standard- departure increase inwards numeracy skills is associated with an eighteen pct wage increase with prime-age workers. But this masks considerable heterogeneity across countries. Eight countries, including all Nordic countries, convey returns betwixt 12 together with fifteen percent, piece half-dozen are inwards a higher house 21 pct with the largest provide beingness 28 pct inwards the United States. Estimates are remarkably robust to dissimilar net together with science measures, additional controls, together with diverse subgroups. Intriguingly, returns to skills are systematically lower inwards countries with higher spousal human relationship density, stricter usage protection, together with larger public-sector shares.Sumber https://gregmankiw.blogspot.com/
