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The coordination between education and employment policies

Author

Listed:
  • Alka obadić

    () (Faculty of Economics and Business, University of Zagreb)

  • Sanja Porić

    ()

Abstract

At the end of the 20th century, knowledge production has been radically transformed. As knew knowledge economies and US were becoming an increasing threat for EU, the Lisbon Strategy was set to treat the economic problems that EU is facing. This article discusses and evaluates the potential of the Lisbon Agenda and presents the ways how growth in GDP per capita and employability could be increased by synchronized education and employment policies. It is widely believed that jobs are becoming more and more demanding of skills and as a result workers need to upgrade their skills or risk loosing out in the competition for jobs in the new economy. The research confirms that the reason why many of these unemployed workers might be considered "unemployable in a modern economy" is their comparatively low level of education. Employment rates rise with educational attainment and higher educated individuals also face a more stable labour market than lower educated individuals. The research concludes that in situation of stable higher unemployment rates and higher demand for specific labour skills it is obvious that the coordination between employment and education policies is needed. To ensure employability, policies for promoting education and lifelong learning have to be adjusted to changes in the economy and society.

Suggested Citation

  • Alka obadić & Sanja Porić, 2008. "The coordination between education and employment policies," EFZG Working Papers Series 0802, Faculty of Economics and Business, University of Zagreb.
  • Handle: RePEc:zag:wpaper:0802
    as

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    File URL: http://web.efzg.hr/repec/pdf/Clanak%2008-02.pdf
    File Function: First version, 2008
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    References listed on IDEAS

    as
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    3. Gavin Cameron, 2005. "Economic Policies for Growth and Employment," Economics Series Working Papers 249, University of Oxford, Department of Economics.
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    6. Robert J. Gordon, 2004. "Why was Europe Left at the Station When America's Productivity Locomotive Departed?," NBER Working Papers 10661, National Bureau of Economic Research, Inc.
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    8. Gordon Betcherman, 2000. "Structural Unemployment: How Important Are Labour Market Policies and Institutions?," Canadian Public Policy, University of Toronto Press, vol. 26(s1), pages 131-140, July.
    9. Johansson, Börje & Karlsson, Charlie & Backman, Mikaela & Juusola, Pia, 2007. "The Lisbon Agenda From 2000 To 2010," Working Paper Series in Economics and Institutions of Innovation 106, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Lisbon Agenda; employment policy; education policy; lifelong learning; EU;

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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