Education, vocational training and R&D: towards new forms of labor market regulation
Abstract Labor market regulation and its relations with education and training have been performing an historical trajectory which closely intertwined with developments in economic thought. Under the form of human capital theories, neo-classical economics set the bridge between labor market equilibrium and education outputs for decades. The functionalist approach behind that lasting relationship was to be challenged by economic crises and globalization, which imposed the unquestionable supremacy of the demand for skilled work. Likewise, even if only that more strict perspective of education would prevail, which fortunately is not the case, time and hazard came to undertake its denigration on the grounds of a severe loss of regulatory efficiency as globalization was setting up. In this paper we shed light on the increasing role which innovation is called to perform in labor market hetero regulation in the present phase of globalization. Depending on the institutional design throughout which R&D become embedded in nowadays societies, evidence clearly reveals how innovation strategies are to be found so asymmetrically implemented between developed and developing countries, thereby leading to the enlarging divide between the “new North” and “new South” globalization off springs.
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- Thushyanthan Baskaran & Zohal Hessami, 2010.
"Globalization and the Composition of Public Education Expenditures: A Dynamic Panel Analysis,"
Working Paper Series of the Department of Economics, University of Konstanz
2010-03, Department of Economics, University of Konstanz.
- Baskaran, Thushyanthan & Hessami, Zohal, 2010. "Globalization and the Composition of Public Education Expenditures: A Dynamic Panel Analysis," MPRA Paper 25750, University Library of Munich, Germany.
- Hubert Strauss & Christine de la Maisonneuve, 2007. "The Wage Premium on Tertiary Education: New Estimates for 21 OECD Countries," OECD Economics Department Working Papers 589, OECD Publishing. Full references (including those not matched with items on IDEAS)