Skill networks and measures of complex human capital.

ABSTRACT: We propose a network-based method for measuring worker skills. We illustrate the method using data from an online freelance website. Using the tools of network analysis, we divide skills into endogenous categories based on their relationship with other skills in the market. Workers who specialize in these different areas earn dramatically different wages. We then show that, in this market, network-based measures of human capital provide additional insight into wages beyond traditional measures. In particular, we show that workers with diverse skills earn higher wages than those with more specialized skills. Moreover, we can distinguish between two different types of workers benefiting from skill diversity: jacks-of-all-trades, whose skills can be applied independently on a wide range of jo

SUBMITTER: Anderson KA 

PROVIDER: S-EPMC5715742 | biostudies-literature | 2017 Nov

REPOSITORIES: biostudies-literature