Have a personal or library account? Click to login
Soft Skills and Their Wage Returns: Overview of Empirical Literature Cover

Soft Skills and Their Wage Returns: Overview of Empirical Literature

By: Jiří Balcar  
Open Access
|Apr 2014

Abstract

Psychological traits, attitudes and soft skills represent factors whose effect on an individual’s wages has begun to be examined recently. Today, there is an extensive empirical body on wage returns to the first two factors, but still a relatively small one on wage returns to soft skills, such as communication, cooperation, leadership etc. The aim of this paper is to provide an overview of empirical literature on wage returns to soft skills. It suggests that soft skills are connected with significant wage returns and contribute to closing the gender wage gap. The end of the paper focuses on a discussion on methodological approaches to measurement of soft skills and relevancy of their approximation by job characteristics (incl. suggestion of using tools of competency modelling for this purpose).

DOI: https://doi.org/10.2478/revecp-2014-0001 | Journal eISSN: 1804-1663 | Journal ISSN: 1213-2446
Language: English
Page range: 3 - 15
Published on: Apr 12, 2014
Published by: Mendel University in Brno
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2014 Jiří Balcar, published by Mendel University in Brno
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.