Investing in skills pays off: the economic and social cost of low-skilled adults in the EU

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Permanent URL for this page: http://hdl.voced.edu.au/10707/436193.

Author: Salvatore, Lidia

Abstract:

Long-term projections show that, on average, labour demand for the low-skilled is expected to decrease while labour demand for medium and high qualification levels will increase. Unemployment, social exclusion and disengagement from the labour market by the low-skilled can permanently lower potential growth and harm social cohesion. The (re)integration of low-skilled workers into labour markets and their upskilling is a key policy challenge for European economies. This study from the European Centre for the Development of Vocational Training (Cedefop) seeks to provide a comprehensive and...  [+] Show more

Subjects: Skills and knowledge; Lifelong learning; Employment; Equity; Policy

Keywords: European Union; Low skilled worker; Skill upgrading; Employability; Social inclusion; Social cost; Return on education and training; Economic impact; Economic implication; Future; Trend; Policy formation

Geographic subjects: Europe

Published: Luxembourg: Publications Office of the European Union, 2017

Physical description: 166 p. (report) + 8 p. (executive summary)

Access item:

http://www.cedefop.europa.eu/en/publications-and-resources/publications/5560

Also called: Investing in skills pays off: the economic and social cost of low-skilled adults in the European Union

Series: Cedefop research paper; no. 60

ISBN: 9789289624121 (pdf); 9789289624121 (epub); 9789289624565 (executive summary)

Resource type: Report

Document number: TD/TNC 129.229

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