IDEAS home Printed from https://ideas.repec.org/p/rif/briefs/67.html
   My bibliography  Save this paper

The Role of Individuals, Firms and the Society in Lifelong Learning

Author

Listed:
  • Kauhanen, Antti

Abstract

Labor market restructuring has sparked discussion on lifelong learning. One important question deals with the proper distribution of responsibility for the updating of skills. What is the responsibility of individuals, firms and the society? To analyze this question, it is useful to see lifelong learning as an investment. It is an investment because it causes immediate costs, but the benefits accrue in the future. The benefits of lifelong learning accrue not only to the individual, but also to her employer and the society at large. The division of responsibility for the investment should depend on the division of the returns to the investment. The returns to educational investments depend on the type of skills invested in and the functioning of the labor markets. Existing studies do not conclusively show whether there is under- or overinvestment in lifelong learning. More research on the effectiveness of adult education is needed to assess who benefits from lifelong learning and how much. Based on this information it would be possible to assess who should be making the training investments.

Suggested Citation

  • Kauhanen, Antti, 2018. "The Role of Individuals, Firms and the Society in Lifelong Learning," ETLA Brief 67, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:briefs:67
    as

    Download full text from publisher

    File URL: https://www.etla.fi/wp-content/uploads/ETLA-Muistio-Brief-67.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Human capital; returns to education;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rif:briefs:67. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kaija Hyvönen-Rajecki (email available below). General contact details of provider: https://edirc.repec.org/data/etlaafi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.