The coordination of skill supply and demand in the market model of skill formation: testing the assumptions for the case of Chile

Valiente, O. , Zancajo, A. and Jacovkis, J. (2020) The coordination of skill supply and demand in the market model of skill formation: testing the assumptions for the case of Chile. International Journal of Lifelong Education, 39(1), pp. 90-103. (doi: 10.1080/02601370.2019.1678692)

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The importance of skill formation for young people and the challenges of youth unemployment and underemployment are at the forefront of global development agendas. However, there is still an open debate about the most adequate policy frameworks to tackle these societal challenges and, particularly, about the role that the state and the market should play in the coordination of skills supply and demand. Taking Chile as a case study, the paper analyses how the market model of skill formation is re-contextualised by practitioners and other stakeholders at the local level. Through a realist evaluation approach, the paper tests to what extent the underlying theoretical assumptions of the market model hold up when confronted with the reality of the contexts in which young people, education providers and employers make decisions. The case of Chile is particularly interesting for the comparative literature because of its extreme neoliberal orientation and the centrality of the market in the allocation of resources and opportunities among different social groups. The findings show the limitations of the market for coordinating the supply and demand of skills and its negative consequences on the educational and work prospects of young people, especially the most disadvantaged.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Valiente, Professor Oscar and Jacovkis, Dr Judith and Zancajo, Dr Adrian
Authors: Valiente, O., Zancajo, A., and Jacovkis, J.
College/School:College of Social Sciences > School of Education
College of Social Sciences > School of Education > Educational Leadership & Policy
Journal Name:International Journal of Lifelong Education
Publisher:Taylor & Francis
ISSN (Online):1464-519X
Published Online:16 October 2019
Copyright Holders:Copyright © 2019 The Authors
First Published:First published in International Journal of Lifelong Education 39(1):90-103
Publisher Policy:Reproduced under a Creative Commons License

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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
172556Newton RCUK-CONICYT Governing the educational and labour market trajectories of secondary TVET graduates in ChileOscar ValienteEconomic and Social Research Council (ESRC)ES/N019229/1ED - The Robert Owen Centre for Educational Change
303752Adrian ZancajoAdrian ZancajoBritish Academy (BRITACAD)PF2\180006ED - The Robert Owen Centre for Educational Change