Risk of Investment in Human Capital and Skills Mismatch

Olena Shelest-Szumilas

Titles

Abstract

This paper uses data from the fifth edition of the European Working Conditions Survey to examine the relationship between workers’ skills mismatch and risk of investment in work-related training. Apart from financial (earnings) worker’s risk, the study addresses also some non-financial facets of the investment risk. The results indicate that while mismatched workers have higher earnings risk than well-matched ones, they also perceive their jobs as more insecure. Surprisingly, mismatched workers are also relatively more optimistic of having good career prospects and finding similarly paid employment. These findings did not allow a conclusion about the difference in non-financial risk between mismatched and well-matched workers.

Keywords: earnings risk, investment in human capital, job-related training, skills mismatch

Ryzyko inwestowania w kapitał ludzki a niedopasowanie kompetencyjne

W artykule wykorzystano dane pochodzące z piątej edycji badania European Working Conditions Survey. Celem opracowania jest zbadanie relacji między poziomem niedopasowania kompetencji pracowników do wykonywanej pracy (skills mismatch) a ryzykiem inwestowania w szkolenia związane z pracą. Oprócz ryzyka finansowego (zarobkowego) pracownika, w badaniu przeanalizowano również wybrane niefinansowe aspekty ryzyka inwestycyjnego. Wyniki wskazują, że niedopasowani pod względem kompetencji pracownicy są bardziej narażeni na ryzyko związane z inwestycjami w szkolenia niż pracownicy dobrze dopasowani. Co więcej, postrzegają oni swoją pracę jako bardziej niepewną. Zaskakujące jest to, że niedopasowani pracownicy są również bardziej optymistyczni, jeśli chodzi o perspektywy zawodowe i możliwości znalezienia podobnie płatnego zatrudnienia. Wyniki przeprowadzonej analizy nie pozwoliły zatem na wyciągnięcie jednoznacznych wniosków dotyczących potencjalnego wpływu poziomu niedopasowania kompetencji na niefinansowe ryzyko inwestowania w szkolenia.

This paper uses data from the fifth edition of the European Working Conditions Survey to examine the relationship between workers’ skills mismatch and risk of investment in work-related training. Apart from financial (earnings) worker’s risk, the study addresses also some non-financial facets of the investment risk. The results indicate that while mismatched workers have higher earnings risk than well-matched ones, they also perceive their jobs as more insecure. Surprisingly, mismatched workers are also relatively more optimistic of having good career prospects and finding similarly paid employment. These findings did not allow a conclusion about the difference in non-financial risk between mismatched and well-matched workers.

Keywords

inwestowanie w kapitał ludzki, ryzyko wynagrodzeń, szkolenia związane z pracą, niedopasowanie kompetencji

earnings risk, investment in human capital, job-related training, skills mismatch

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Information: Labor et Educatio, 2020, 8 (2020), pp. 219 - 243

DOI: https://doi.org/10.4467/25439561LE.20.013.13004

Article type: Original article

Titles:

Polish:

Risk of Investment in Human Capital and Skills Mismatch

English:

Risk of Investment in Human Capital and Skills Mismatch

Authors

Olena Shelest-Szumilas

https://orcid.org/0000-0002-2983-9673

Poznań University of Economics

Published at: 31.12.2020

Received at: 15.04.2020

Accepted at: 10.11.2020

Article status: Open

Licence: CC BY-NC-ND

Percentage share of authors:

Olena Shelest-Szumilas (Author) - 100%

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English

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Number of downloads: 664

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