Enhancing skills to boost growth in Hungary

"Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based. The education system has reacted to this structural change, but as the pace has been relatively slow, many gr...

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Bibliographic Details
Main Author: Machlica, Gabriel
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Paris 2017
OECD
Subjects:
Online Access:https://www.labourline.org/KENTIKA-756112457439-enhancing-skills-to-boost-grow.htm
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author Machlica, Gabriel
author_facet Machlica, Gabriel
collection Library items
description "Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based. The education system has reacted to this structural change, but as the pace has been relatively slow, many graduates remain without adequate skills and insufficiently prepared to apply knowledge in unfamiliar settings. Moreover, strong selectivity early in the education system reinforces student’s socio?economic background, leading to an excess of low skilled workers with poor labour market prospects. This contributes to persistently low employment rates and low productivity gains, slowing down the income convergence process. The education system needs to improve learning outcomes by better aligning student qualifications with labour market needs. Improving overall educational outcomes would also make the education system more equitable and inclusive. Bolstering the supply of skills requires lifelong learning and improving the access to labour market to those who have left the education system without proper skills. In return, this will also increase “on?the?job” training, which is a key driver of acquiring competences after graduation. In addition, mobilising untapped skill resources, particular educated younger women, would raise employment, which is needed to confront the labour market problem arising from population ageing."
format TEXT
geographic Hungary
id 756112457439_876a9cb4bcba47e791bd41cb0b968399
institution ETUI-European Trade Union Institute
is_hierarchy_id 756112457439_876a9cb4bcba47e791bd41cb0b968399
is_hierarchy_title Enhancing skills to boost growth in Hungary
language English
physical 39 p.
Digital
publishDate 2017
publisher Paris
OECD
spellingShingle Machlica, Gabriel
activation
skill
vocational education
labour market policy
Enhancing skills to boost growth in Hungary
thumbnail https://www.labourline.org/Image_prev.jpg?Archive=105353592353
title Enhancing skills to boost growth in Hungary
topic activation
skill
vocational education
labour market policy
url https://www.labourline.org/KENTIKA-756112457439-enhancing-skills-to-boost-grow.htm