Marguerita Lane, a Senior Economic Consultant at London Economics, looks at the impact of literacy, numeracy and computer skills on earnings and employment outcomes
We expect skills in numeracy, literacy and ICT to be rewarded in the workplace through higher earnings and better employment opportunities. The 2012 Survey of Adult Skills confirms that this is the case. But can improvements in skills compensate for having a lower level of formal education? A new study by London Economics for the OECD finds that the answer depends on the type of skill under consideration – literacy, numeracy or ICT.