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Table 6 Regression of log wages on numeracy test scores and years of schooling, employed persons

From: Wage inequality, skill inequality, and employment: evidence and policy lessons from PIAAC

Model Model 1 Model 2 Model 3  
Country Scores R 2 Schooling R 2 Scores Schooling R 2
Denmark 0.22 (0.01) 0.34 0.06 (0.00) 0.44 0.09 (0.01) 0.06 (0.00) 0.45
Finland 0.24 (0.01) 0.25 0.06 (0.00) 0.38 0.11 (0.01) 0.06 (0.00) 0.40
France 0.30 (0.01) 0.23 0.06 (0.00) 0.32 0.14 (0.01) 0.05 (0.00) 0.34
Germany 0.39 (0.02) 0.28 0.10 (0.00) 0.37 0.18 (0.02) 0.09 (0.00) 0.39
Ireland 0.34 (0.02) 0.23 0.08 (0.00) 0.29 0.20 (0.02) 0.07 (0.00) 0.32
Italy 0.22 (0.02) 0.14 0.06 (0.00) 0.26 0.08 (0.02) 0.05 (0.00) 0.27
Japan 0.34 (0.02) 0.29 0.07 (0.01) 0.31 0.22 (0.02) 0.06 (0.01) 0.33
Netherlands 0.30 (0.02) 0.34 0.09 (0.00) 0.47 0.13 (0.02) 0.08 (0.00) 0.48
Flanders (Belgium) 0.28 (0.01) 0.25 0.07 (0.00) 0.34 0.14 (0.01) 0.06 (0.00) 0.36
Norway 0.21 (0.01) 0.31 0.06 (0.00) 0.39 0.11 (0.01) 0.05 (0.00) 0.41
Spain 0.35 (0.03) 0.18 0.08 (0.00) 0.33 0.15 (0.03) 0.07 (0.00) 0.34
England/N. Ireland 0.40 (0.02) 0.29 0.09 (0.00) 0.29 0.30 (0.02) 0.07 (0.00) 0.36
USA 0.48 (0.02) 0.28 0.11 (0.00) 0.39 0.22 (0.02) 0.09 (0.00) 0.42
Pooled 0.30 (0.01) 0.25 0.07 (0.00) 0.34 0.15 (0.01) 0.07 (0.00) 0.36
  1. Source: calculations based on PIAAC
  2. Note: Controls: experience, experience2, gender, and immigration status. Tables are available upon request. For the purpose of easier interpretation, numeracy test scores are divided by 100