From tasks to riches: A task-based approach to the determinants of wage

An empirical investigation to the effects of occupational skills, human capital, and other worker characteristics to labor market outcomes is examined in this study. Using the PSA Labor Force Survey and Philippine Standard Occupational Classification (PSOC), the group offers a task-based measure as a proxy for occupational skills. Such problems in measuring skills arise when skill endowments of workers are underivable in a survey dataset. With this, the analysis includes comparing models with task-based measures of occupational skills and Mincerian wage models with occupational dummies. Regression analysis found consistent statistically significant positive returns on a change in computational, ICT and cognitive interactive skills across occupations by 12%, 1.5%, and 3%, respectively