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Education, Skill Training, and Lifelong Learning in the Era of Technological Revolution

Author

Listed:
  • Kim , Jinyoung

    (Korea University)

  • Park , Cyn-Young

    (Asian Development Bank)

Abstract

Rapid technological development makes skills depreciate faster than in the past while new technologies generate gaps in workers’ skills and call for the acquisition of proper skills and lifelong learning. Proper skill mixes for future jobs include strong cognitive skills, basic information and communication technology, and analytical skills, as well as a range of noncognitive skills such as creativity, problem-solving, critical thinking, and communication. Retraining and reskilling workers is also crucial. All these changes lead to a major rethinking of education and skill training throughout a person’s life. This paper reviews the recent studies on human capital and skill formation in the era of rapid technological progress. Findings from these studies particularly in labor economics can shed light on new directions for lifelong education policies.

Suggested Citation

  • Kim , Jinyoung & Park , Cyn-Young, 2020. "Education, Skill Training, and Lifelong Learning in the Era of Technological Revolution," ADB Economics Working Paper Series 606, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0606
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    References listed on IDEAS

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    Cited by:

    1. Muhammad Azmat Hayat & Mumtaz Anwar Chaudhry & Maryam Batool & Huma Ghulam & Abid Raza Khan & Cristi Spulbar & Muhammad Zahid Naeem & Ramona Birau & Maria Magdalena Criveanu, 2022. "Turning Crisis into a Sustainable Opportunity Regarding Demand for Training and New Skills in Labor Market: An Empirical Analysis of COVID-19 Pandemic and Skills Upgradation," Sustainability, MDPI, vol. 14(24), pages 1-14, December.
    2. de Vries, Gaaitzen J. & Gentile, Elisabetta & Miroudot, Sébastien & Wacker, Konstantin M., 2020. "The rise of robots and the fall of routine jobs," Labour Economics, Elsevier, vol. 66(C).
    3. Costantiello, Alberto & Laureti, Lucio & Leogrande, Angelo, 2022. "The Determinants of Lifelong Learning in Europe," MPRA Paper 114053, University Library of Munich, Germany.

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    More about this item

    Keywords

    education policy; lifelong learning; population aging; technology;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J00 - Labor and Demographic Economics - - General - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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