Skills and Jobs : Lessons Learned and Options for Collaboration

Skills and Jobs : Lessons Learned and Options for Collaboration

The accumulation of human capital through the acquisition of knowledge and skills is recognized as central for economic development. More-educated workers not only have better employment opportunities, they earn more and have more stable and...

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Bibliographic Details
Main Authors:	Sanchez Puerta, Maria Laura, Robalino, David A., Strokova, Victoria, Lord, Nick, Perinet, Mathilde
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	SKILLS EMPLOYMENT CAPITAL MARKETS LABOR POLICIES RISKS LABOR MARKET POLICY RIGHTS BASIC EDUCATION COUNSELORS ECONOMIC GROWTH PRODUCTION SKILLED WORKERS TRAINING PROVIDERS INCOME SCHOOLING EARLY CHILDHOOD DEVELOPMENT EMPLOYMENT OPPORTUNITIES SKILLS DEVELOPMENT INSTRUCTORS GROUPS DATA COLLECTION INFORMATION LABOR FORCE PROGRAMS SERVICES MONITORING LIFE SKILLS GENERAL EDUCATION EFFECTS INCENTIVES ACQUISITION OF KNOWLEDGE CONTENT MODELS TRAINING PROGRAMS ASSOCIATIONS ADULTS EXAM TRAINEES WORK EXPERIENCE EDUCATION SECTOR COLLABORATION KNOWLEDGE EDUCATED WORKERS LABOR MARKET TRAINING PARTNERSHIPS ACADEMIC TRAINING OUTPUTS PRODUCTIVITY SECONDARY SCHOOL EXTERNALITIES UNEMPLOYED FINANCIAL INSTITUTIONS MARKETS INDUSTRIAL TRAINING ORGANIZATIONS RETRAINING VOCATIONAL EDUCATION EDUCATION SYSTEM RESEARCH ECONOMIC POLICIES JOB TRAINING STANDARDS LABOR RISK SHARING TEACHING FINANCE EFFICIENCY STUDENT LOANS SKILL TRAINING RETENTION RATES TECHNOLOGY HUMAN CAPITAL TRAINING COSTS SKILLS TRAINING YOUNG WORKERS WAGES POLICIES BASIC EDUCATION SECTOR MARKET FAILURES EDUCATION INSTITUTIONS PARTICIPATION CURRICULA VULNERABLE GROUPS GENERIC SKILLS PRIVATE EDUCATION EARLY CHILDHOOD YOUTH DECISION MAKING WORKSHOPS INTERNSHIPS PUBLIC INSTITUTIONS POLICY CURRICULUM MANAGEMENT NEW ENTRANTS COGNITIVE SKILLS TRAINING INVESTMENTS CHILDREN EDUCATION INVESTMENT RISK PARTNERS BARGAINING SUPPLY INTERACTIVE SKILLS DISCIPLINE CHILDHOOD DEVELOPMENT YOUNG PEOPLE INNOVATION LIFE-SKILLS PROFIT STUDENTS FUNDING PRIVATE PARTNERSHIPS TECHNICAL EDUCATION INTERVENTIONS COMPETITIVE LABOR MARKETS WOMEN LABOUR FORMAL SCHOOLING LABOR MARKETS TECHNOLOGIES CLASSROOM OUTCOMES SCHOOL TERTIARY EDUCATION OUTSOURCING TRAINING PROGRAMMES INNOVATIONS ENGINEERS
Online Access:	http://documents.worldbank.org/curated/en/2015/05/24566584/skills-jobs-lessons-learned-options-collaboration http://hdl.handle.net/10986/22068

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Summary:	The accumulation of human capital through the acquisition of knowledge and skills is recognized as central for economic development. More-educated workers not only have better employment opportunities, they earn more and have more stable and rewarding jobs. They are also more adaptable and mobile. Workers who acquire more skills make other workers and capital more productive and, within the firm, they facilitate the adaptation, adoption, and ultimately invention of new technologies. This is crucial for economic diversification, productivity growth, and ultimately raising the living standards of living of the population. The structure of the note is as follows. First, it examines the different types of market failures, and subsequently reviews the role that governments have played in training systems around the world. Finally it offers a set of proposals for reforming and improving these systems to improve labor market outcomes.