Impact of Educational Standards on the Sustainable Development of the Labor Market

Vyacheslav Yu. Babyshev

2021

Abstract

This article examines two aspects of the impact of education on the sustainable development of the labor market: the impact of education on the level of employment and the educational mismatch between the knowledge and skills acquired in educational institutions and required at the workplace. Based on a theoretical review of the literature, it was concluded that there is no unanimous opinion among the authors on the impact of education on the level of employment. It was also concluded that employers consider people's skills insufficient for practical work, and scientists believe that educational skills of people are underutilized due to insufficient rates of scientific and technological progress. Based on the analysis of statistics, it was concluded that an increase in the level of education has a positive effect on the level of employment of the labor force in almost all countries in all the years under consideration in general and for both sexes in particular. The educational mismatch as a whole showed an increase in both under-qualification and over-qualification. It was also concluded that in more developed countries there is more often a qualification gap and a lack of knowledge and skills, while in less developed countries there is more often work outside the specialty and an excess of knowledge and skills. If work outside the specialty is considered in the context of the educational gap, then in general, there is an excess of knowledge in the framework of work outside the specialty and a lack of knowledge in the framework of work in the specialty.

Paper Citation

in Harvard Style

Babyshev V. (2021). Impact of Educational Standards on the Sustainable Development of the Labor Market. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 669-677. DOI: 10.5220/0010595706690677

in Bibtex Style

@conference{issdri21,
author={Vyacheslav Yu. Babyshev},
title={Impact of Educational Standards on the Sustainable Development of the Labor Market},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={669-677},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010595706690677},
isbn={978-989-758-519-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - Impact of Educational Standards on the Sustainable Development of the Labor Market
SN - 978-989-758-519-7
AU - Babyshev V.
PY - 2021
SP - 669
EP - 677
DO - 10.5220/0010595706690677