The value of language skills

Artikel

In today's globalized world, people are increasingly mobile and often need to communicate across different languages. Learning a new language is an investment in human capital. Migrants must learn the language of their destination country, but even non-migrants must often learn other languages if their work involves communicating with foreigners. Economic studies have shown that fluency in a dominant language is important to economic success and increases economic efficiency. However, maintaining linguistic diversity also has value since language is also an expression of people's culture.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2021 ; Bonn: Institute of Labor Economics (IZA)

Classification and Topics

• Classification: Wirtschaft ; Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination ; Demographic Economics: Public Policy ; Retirement; Retirement Policies ; Geographic Labor Mobility; Immigrant Workers ; Public Goods
• Subject: language ; human capital ; immigration ; lingua franca ; English ; linguistic diversity

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Grenier, Gilles ; Zhang, Weiguo
• Event: Veröffentlichung
• (who): Institute of Labor Economics (IZA)
• (where): Bonn
• (when): 2021

Further information

• DOI: doi:10.15185/izawol.205.v2
• Handle: http://hdl.handle.net/10419/260687
• Last update: 10.03.2025, 11:45 AM CET