Exploring school-to-work transitions. Alison Wolf King ’ s College London. Today ’ s World. Huge expansion in education – in the developed world, full-time to 18 the norm, in developed and developing, very rapid growth in higher education Major changes in structure of labour market
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King’s College London
Recent in the UK which maintained teenage employment at high levels longer than most other European countries. Long-standing in mainland Western Europe.
More recent, potentially more amenable to policy interventions but also highly damaging to those involved
Today, the UK is quite typical of developed economies in a number of key ways. Problems of transition are general and quite intractable.
Ratio of the unemployment rate of 20-24 year-olds to those of adults (aged 25-64). (OECD Stat Extracts, http://stats.oecd.org/Index.aspx)
Germany is the best-known ‘positive’ outlier – although they too have labour market challenges.
Source: IAB panel study, 2011
Note: OECD definition of low paid work (wages below two-thirds of median income)
Source: Rehn et al., 2011
Economic change, education and transitions
Formal education is increasingly seen as vital for life-chances, not just as a source of skills but as a gateway into the upper parts of the labour market. Employers may complain about the quality of education (and do, everywhere). But they use it, constantly, as a screening device and a ranking device.
But success not guaranteed – trying to recreate demolished institutions is hard