Does higher education matter? Alison Wolf King’s College London.
School-to-work Transitions in a Liberal Economy Alison Wolf King’s College London.
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Transcript of School-to-work Transitions in a Liberal Economy Alison Wolf King’s College London.
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School-to-work Transitions in a Liberal Economy
Alison WolfKing’s College London
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The Modern Economy
• Free Trade• Free Movement in some regions (notably most of the
EU), though heavy restrictions in global context• Non-directed labour• Minimal industrial policy• Shift, in developed world, from fast growth in class 1
and 2 occupations to slow growth/steady state• Decline in skilled manual trades – move to the
hourglass economy
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The modern education system
• Increased average length: completion of upper secondary normal in all developed countries
• Rapid rise in higher education numbers• Delayed specialisation• High returns to formal qualifications, absolutely and
relatively• Wide variations in nature and status of
apprenticeship. Full-time ‘vocational’ pathways generally common and rarely high-status pre-18
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University enrolments at either end of the twentieth century
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Modern labour markets
• European countries and Japan marked by dual labour markets: core of full-time jobs with security and high benefits and periphery of low-security, low-paid, short-term jobs
• North America: more fluid labour market, much less job security, high levels of churn, greater movement in numbers of jobs year on year
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The specific case of the UK
• Very low apprenticeship numbers for under-18s: apprenticeship almost destroyed in 1980s, very partial return to health in 2000s
• Very high levels of regional inequality• General stability in upper secondary academic
route and constant reform of upper secondary vocational route
• Open access for EU accession state nationals as well as longer-standing EU members
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Employers’ view of where the formally qualified are to be found: 1950
Low ability High ability
Graduates
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Employers’ view of where the formally qualified are to be found: 2000
Low ability High ability
Graduates
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Employers’ perceptions of the labour market: 2050?
Low quality High quality
Graduates
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Overall figures conceal huge variations
Between and within regions and counties or cities
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August 2012:16-24 years: % claiming
Northumberland
County Durham
Caerphilly
Derry
Sandwell
Mid Suffolk
Wiltshire
South Oxfordshire
8.4
8.2
10
13
12.1
4.7
3.7
2.2
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% 16-24 claiming: London area 8.12
Thurrock 6.2
Ashford 5.2
Reigate 3.1
Lewisham 7.5
Brent 6.5
Newham 7.5
Camden 3
Greenwich 6.4
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Returns to vocational awards
• Poor to specific occupational awards obtained in fulltime training/education
• Middling to ‘quasi-vocational’ (eg BTEC)• Good to ‘proper’ apprenticeships: - reflects
return to work experience, demonstrated persistence as much as to specific skills –
• Change in trade/occupation the rule rather than the exception
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The challenge
• Improve apprenticeships• Increase value of FT-based vocational• Recognise reality of modern labour market –
need to retrain/move between sectors• Address disappearance of youth labour
market – can decline be reversed?