Skills and educational systems

Heike Solga and Herman G. van de Werfhorst

Chapter 15 in A Research Agenda for Skills and Inequality, 2023, pp 257-272 from Edward Elgar Publishing

Abstract: How well individuals are prepared for their labor market entry and later occupational careers is highly dependent on both individuals’ skill acquisition and the skill requirements of their jobs. Both skill supply and demand are shaped by national education systems: the former because education systems structure learning opportunities, and the latter because such systems structure the pool of the available labor force. In this chapter, we discuss the relationship between schooling and skill acquisition and provide insights into skill acquisition in postsecondary education and adult life. We briefly review institutional approaches to the role of education in the economy. We also discuss the relationship between skills and educational degrees and how this relationship is influenced by educational systems. The chapter’s review of research on skills and education systems contributes to a better understanding of why skills - but also educational certificates above and beyond skills - are rewarded in labor markets.

Keywords: Business and Management; Economics and Finance; Education; Geography; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2023
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