Skill

 

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Skill

The abilities acquired by workers through education, training, and experience that permit them to be more productive. Essentially the same as human capital.

Skill

The ability to accurately forecast returns. We measure skill using the information coefficient.



Skill

Similar Matches

Skill intensive

Skill intensive

Describing an industry or sector of the economy that relies relatively heavily on inputs of skilled labor, usually relative to unskilled labor, compared to other industries or sectors. See factor intensity.


Unskilled labor

Unskilled labor

Labor with a low level of skill or human capital. Identified empirically as labor earning a low wage, with a low level of education, or in an occupational category associated with these; sometimes crudely proxied as production workers.


Skilled labor

Skilled labor

Labor with a high level of skill or human capital. Identified empirically as labor earning a high wage, with a high level of education, or in an occupational category associated with these; sometimes crudely proxied as nonproduction workers.


Skill-biased

Skill-biased

A technological change or technological difference that is biased in favor of using more skilled labor, compared to some definition of neutrality.




 
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