The Asian Development Bank (ADB) has published a paper that reviews recent studies on human capital and skill formation in the era of rapid aging and technological progress to offer policy suggestions in the field of education and lifelong learning.
Rapid technological progress is now resulting in skills depreciation faster than it did in the past, calling for better skills management throughout workers’ lifetimes. Proper skill mixes for future jobs are also different from current job requirements. Findings from the studies particularly in labor and demographic economics can shed light on new directions for lifelong education policies.
Read the full paper by Kim, Jinyoung and Park, Cyn-Young from the Asian Development Bank (ADB)