Return to skills and labour market size
利用匈牙利企业调查数据，研究发现社交技能在大城市劳动力市场回报更高，而认知技能无此模式，体力技能回报随市场规模略降。
Several studies document that skills are strong predictors of earnings; however, less is known about the extent to which labour market size influences the return to skills. Using data from a unique representative survey recording the skill requirements of Hungarian firms, we show that social skills have higher returns in large urban labour markets. Surprisingly, this pattern cannot be observed for cognitive skills, while the return to manual skills slightly decreases with labour market size. Our estimates are robust to different agglomeration measures, additional controls and estimation methods; however, returns to skills seem to vary considerably across worker groups.