Remove Color Cast
You could also use the Remove Color Cast tool to achieve a similar skin color improvement —although this feature is not quite as flexible as it lacks those Tan, Blush, and Ambient Light sliders.
Essentially, any tool designed to adjust the color by taking a sample from the image itself is based on the White Balance feature, which you'll find scattered about the application in one form or other.
Tip:
Because we are making a reasonably inaccurate sample by clicking in the image, the information that Elements receives might not be accurate enough to allow it to work properly. To average your sampling, consider changing the Point Sample method from a single point to an average 3 x 3 sample or 5 x 5 sample in the Color Picker options panel and you might get a more accurate sample (and therefore a more realistic) result.