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Table 9 Relationship between wage inequality and labor market performance, employed persons

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

Employment/wage inequality D9/D1 D9/D5 D5/D1
E-pop −0.0049 −0.2587 0.2418
Hours worked 0.3083 0.5045a −0.0382
Unemployment rate 0.2307 0.3357 0.0454
E-pop, skill level 0 + 1 0.2674 0.1685 0.2407
E-pop, skill level 2 0.1263 −0.1451 0.3423
E-pop, skill level 3 0.1304 −0.2086 0.4092
E-pop, skill level 4 + 5 0.0877 −0.2269 0.3358
Hours worked, skill level 0 + 1 0.0772 0.3087 −0.2154
Hours worked, skill level 2 0.2545 0.4557 −0.0646
Hours worked, skill level 3 0.2903 0.5052a −0.0700
Hours worked, skill level 4 + 5 0.4029 0.5713a 0.0411
Unemployment rate, skill level 0 + 1 0.2302 0.2940 0.1030
Unemployment rate, skill level 2 0.2364 0.3165 0.0699
Unemployment rate, skill level 3 0.1473 0.2802 −0.0268
Unemployment rate, skill level 4 + 5 −0.3019 −0.0389 −0.4536
  1. Source: calculations based on PIAAC
  2. aRepresents 10% significance level