From Tasks to Riches: A Task-Based Approach to the Determinants of Wages
In most written literature on labor, wages are determined by labor market supply and demand factors. With this, what a person can control to increase their wages is to focus on their skill endowments, particularly honing skills. These skills this paper will be focusing on are those occupational-spec...
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| Main Authors: | , , , |
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| Format: | text |
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Animo Repository
2021
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/res_aki/109 https://animorepository.dlsu.edu.ph/context/res_aki/article/1100/viewcontent/From_Tasks_to_Riches.pdf |
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| Institution: | De La Salle University |
| Summary: | In most written literature on labor, wages are determined by labor market supply and demand factors. With this, what a person can control to increase their wages is to focus on their skill endowments, particularly honing skills. These skills this paper will be focusing on are those occupational-specific, which pertains to the tasks and activities that a worker does in their job. That being said, it is important for an average worker to improve their skills through human capital (i.e., internships and on-the-job training) identified in this study as cognitive-interactive, Information and Communications Technology (ICT), and computational skills are found to have wage premiums. Along with skills, the variables education, experience, and firm tenure have been found to provide wage premiums. |
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