id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-138021-9khfkyh7	Stephany, Fabian	Does it Pay Off to Learn a New Skill? Revealing the Economic Benefits of Cross-Skilling	2020-10-22		.txt	text/plain	5482	313	53	This work examines the economic benefits of learning a new skill from a different domain: cross-skilling. Based on this skill network, relationships between 3,525 different skills are revealed and marginal effects of learning a new skill can be calculated via workers' wages. The results indicate that the added economic value of learning a new skill strongly depends on the already existing skill bundle but that acquiring a skill from a different domain is often beneficial. As technological and social transformation is reshuffling jobs' task profiles at a fast pace, the findings of this study help to clarify skill sets required for mastering new technologies and designing individual training pathways. Anderson constructs a human capital network of skills from online freelancers and shows that workers with diverse skills earn higher wages. The statistical analysis of diverse skill portfolios and wages of online workers allows an evaluation of the economic benefit of learning a new skill.	./cache/cord-138021-9khfkyh7.txt	./txt/cord-138021-9khfkyh7.txt