Labour Market Information for Educational Investments
AbstractA well-trained workforce is generally seen as an important precondition for economic growth. But decisions about investments in education and training must be taken under uncertainty, because the benefits will only be reaped in the long term. To predict what these future benefits may be, it is necessary to have some insight into how the labour market functions with respect to education and training. There are various theories, in the literature, which outline a picture of the role played by education and training in the labour market. This paper begins with a sketch of the various policy approaches to the match between the education system and the labour market and an explanation of the importance of labour market information for policy choices. Five labour market theories in which workers'' educational backgrounds is an important factor will be described. Then, on the basis of these theories, we infer what labour market information could be significant in educational decisions. Some basic principles for the preparation of labour market forecasts are identified, and a structure which could be used in making forecasts is outlined. The paper concludes with a plea for a European approach.
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Bibliographic InfoPaper provided by Maastricht : ROA,Research Centre for Education and the Labour Market in its series Working Papers with number 002.
Date of creation: 1996
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
education; training and the labour market;
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- Grip, Andries de, 1987. "Onderwijs en arbeidsmarkt: scholingsdiscrepanties," Open Access publications from Maastricht University urn:nbn:nl:ui:27-16973, Maastricht University.
- Heijke, Hans & Grip, Andries de, 1995. "Mismatches between education and the labour market," Open Access publications from Maastricht University urn:nbn:nl:ui:27-16016, Maastricht University.
- Grip, A. de & Heijke, J.A.M., 1991. "Uitwijkmogelijkheden op de arbeidsmarkt. Flexibiliteit versus productiviteit," Open Access publications from Maastricht University urn:nbn:nl:ui:27-16054, Maastricht University.
- Cörvers,Frank & Heijke,Hans, 2005. "Forecasting the labour market by occupation and education: Some key issues," Working Papers 001, Maastricht : ROA,Research Centre for Education and the Labour Market.
- Borghans, Alexander Hubertus, 1993. "Educational choice and labour market information," Open Access publications from Maastricht University urn:nbn:nl:ui:27-10304, Maastricht University.
- Neugart, Michael & Schömann, Klaus, 2002. "Employment outlooks: why forecast the labour market and for whom?," Discussion Papers, Research Unit: Labor Market Policy and Employment FS I 02-206, Social Science Research Center Berlin (WZB).
- Grip,A.,de & Heijke,H., 1998. "Beyond Manpower Planning: ROA's Labour Market Model and its Forecasts to 2002," Working Papers 006, Maastricht : ROA,Research Centre for Education and the Labour Market.
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