From Tasks to Riches: A Task-based Approach to the Determinants of Wages

An empirical investigation of the effects of occupational skills, human capital, and other worker characteristics on labor market outcomes is examined in this study. Using the PSA Labor Force Survey and Philippine Standard Occupational Classification (PSOC), the group offers a task-based measure as...

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Bibliographic Details
Main Authors: Baradas, Samantha, Co, Aileen, Daguman, Brian, Delos Santos, Martha
Format: text
Published: Animo Repository 2021
Subjects:
PSA
Online Access:https://animorepository.dlsu.edu.ph/res_aki/10
https://animorepository.dlsu.edu.ph/context/res_aki/article/1015/viewcontent/dlsu_aki_working_paper_series_2021_08_071.pdf
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Institution: De La Salle University
Description
Summary:An empirical investigation of the effects of occupational skills, human capital, and other worker characteristics on labor market outcomes is examined in this study. Using the PSA Labor Force Survey and Philippine Standard Occupational Classification (PSOC), the group offers a task-based measure as a proxy for occupational skills. Such problems in measuring skills arise when skill endowments of workers are underivable in a survey dataset. With this, the analysis includes comparing and contrasting models with task-based measures of occupational skills and Mincerian wage models with occupational dummies. Regression analysis found consistent statistically significant positive returns on a change in computational, ICT, and cognitive-interactive skills across occupations by 12%, 1.5%, and 3%, respectively