Продължаващо образование и обучение за устойчив европейски пазар на труда
Continuing education and training for sustainable European labor market

Author(s): Mariya Neycheva
Subject(s): Social Sciences, Economy, Education, Business Economy / Management, Vocational Education, Higher Education , Financial Markets
Published by: Международно висше бизнес училище
Keywords: continuing education and training; qualification mismatch; overeducation; non-parametric testing
Summary/Abstract: Recent data shows that in Europe the overqualification rate is 22% in 2022, on average. In some countries, such as Spain and Greece, it hits more than 30%. The high extent of education-job mismatch creates long-run problems for labor market’s sustainability and economic growth, taking into account its negative impact on individuals, wages and efficiency of public finances. Lifelong learning is one of the potential tools to tackle this problem since it equips the workforce with up-to-date knowledge and skills. With regard to that, the purpose of the present study is to find a relationship between the participation in continuing training and the rate of overeducation in the European countries. The estimation methods comprise correlation analysis and non-parametric testing. Both methods lead to similar outcomes. It appears that the more active involvement in different forms of formal and non-formal training is associated with a lower degree of overqualification of the labor force having completed upper secondary education. The study is financed by 27 the project titled Attitude of Bulgarian Entrepreneurs and Managers towards Continuing Vocational Education and Training of Organization’s Human Resources (ABECVET), contract KП-06-H65/12, Bulgarian National Science Fund (BNSF).

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