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Table 7 Alternative estimates of the skill requirements

From: A new measure of skill mismatch: theory and evidence from PIAAC

  \(\widetilde {min}_{j}-\widehat {min}_{j}\) a \(\frac {\widetilde {min}_{j}-\widehat {min}_{j}}{\widehat {min}_{j}} \) \(\widetilde {max}_{j}-\widehat {max}_{j}\) b \(\frac {\widetilde {max}_{j}-\widehat {max}_{j}}{\widehat {max}_{j}} \)
Literacy 126.04 0.669 −116.36 −0.365
  (1.533) (0.013) (1.235) (0.004)
Numeracy 140.95 0.852 −111.74 −0.350
  (1.608) (0.036) (1.349) (0.004)
  1. Bootstrapped standard errors in parentheses. See Appendix for details on the bootstrap procedure. All figures are averages over occupational categories and countries. Source: OECD Survey of Adult Skills (PIAAC)
  2. a \(\widehat {min}_{j}\) = the 5th percentile of the proficiency distribution of workers not feeling able to do more demanding jobs nor feeling the need of training (by occupation). \(\widetilde {min}_{j}\) = the 95th percentile of the proficiency distribution of workers feeling the need of further training
  3. b \(\widehat {max}_{j}\) = the 95th percentile of the proficiency distribution of workers not feeling able to do more demanding jobs nor feeling the need of training. \(\widetilde {max}_{j}\) = the 5th percentile of the proficiency distribution of workers feeling able to do more demanding jobs