Education, Skill Training, and Lifelong Learning in the Era of Technological Revolution

24 Pages Posted: 5 May 2020

See all articles by Cyn-Young Park

Cyn-Young Park

Asian Development Bank

Jinyoung Kim

Korea University - Department of Economics

Date Written: January 23, 2020

Abstract

Rapid technological development makes skills depreciate faster than in the past while new technologies generate gaps in workers’ skills and call for the acquisition of proper skills and lifelong learning. Proper skill mixes for future jobs include strong cognitive skills, basic information and communication technology, and analytical skills, as well as a range of noncognitive skills such as creativity, problem-solving, critical thinking, and communication. Retraining and reskilling workers is also crucial. All these changes lead to a major rethinking of education and skill training throughout a person’s life. This paper reviews the recent studies on human capital and skill formation in the era of rapid technological progress. Findings from these studies particularly in labor economics can shed light on new directions for lifelong education policies.

Keywords: education policy, lifelong learning, population aging, technology

JEL Classification: I25, I28, J00, J24, O15, O33

Suggested Citation

Park, Cyn-Young and Kim, Jinyoung, Education, Skill Training, and Lifelong Learning in the Era of Technological Revolution (January 23, 2020). Asian Development Bank Economics Working Paper Series No. 606, Available at SSRN: https://ssrn.com/abstract=3590922 or http://dx.doi.org/10.2139/ssrn.3590922

Cyn-Young Park (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines
(632) 632-5473 (Phone)

HOME PAGE: http://www.adb.org

Jinyoung Kim

Korea University - Department of Economics ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea

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