Using the job requirements approach and matched employer-employee data to investigate the content of individuals’ human capital

Journal for Labour Market Research

Table 8 Hedonic wage equations. Decomposition of returns to numeracy and literacy skills

	Managers	Supervisors	Core employees
Problem-solving	−0.014	−0.007	−0.004
Client communication	0.076***	0.024**	0.003
High-level communication	0.049**	0.010	0.027***
Planning skills	0.006	−0.015	0.014***
Horizontal communication	0.019	−0.000	−0.009*
Numeracy skills	0.036	0.001	−0.002
Read	0.002	0.008	−0.009
Write	−0.046***	0.001	0.013**
Mat1	−0.013	0.023*	0.032***
Mat2	0.054***	0.014	−0.006
Computer use	0.023	−0.009	0.001
Education level 2	0.117**	0.100***	0.070***
Education level 3	0.258***	0.159***	0.164***
Education level 4	0.400***	0.290***	0.245***
Experience	0.035***	0.016***	0.012***
Experience²	−0.000***	−0.000*	−0.000***
Tenure	0.018***	0.004	0.008***
Tenure²	−0.000***	−0.000	−0.000***
Training	−0.128***	0.014	0.028***
Individual level controls	Yes	Yes	Yes
Firm level controls	Yes	Yes	Yes
Constant	7.779***	5.854***	6.012***
St. error of est./Log likelihood	−780.810	−984.075	−3987.904
Chi²/Probability	340.45	477.18	1784.00
McKelvey&Zavoina’s R²	0.275	0.369	0.355

*denotes significant at 10 %; **denotes significant at 5 %; ***denotes significant at 1 %