Education, Training and Labour Market Outcomes
Education and training have been at the forefront of public policy discussions and government policy making in most European countries in recent decades. A significant number of educational reforms have been implemented and others are pending. One of the reasons for this continuous attention to education and education policies is the strategic importance that the accumulation of knowledge has gained in the functioning of modern economies. Investment in human capital, in the form of education and work-based training, has proved a powerful way of improving individuals’ employability, wages and lifetime earnings. At the macroeconomic level there is evidence that investment in education is crucial for countries’ economic growth, productivity and competitiveness.
KeywordsEducation System Private School Private Institution Labour Market Outcome Labour Market Institution
Unable to display preview. Download preview PDF.
- Breen, R., Iannelli, C. and Shavit, Y. (1998) ‘Occupational returns to education in Italy: a consideration of rational action theory of university attendance’, European University Institute, Florence.Google Scholar
- Murphy, K., Shleifer, A. and Vishny, R. (1990) ‘The allocation of talent: implication for growth’, Quarterly Journal of Economics, May, pp. 503–30.Google Scholar