Measuring Competences in School-leaver Surveys

Abstract

The measurement of competences is a relatively new topic in the economic science. In the past, economists have usually measured worker competences by educational background, tenure, or other simple quantifiable indicators. In the transition from the industrial to the knowledge economy, however, this classical approach has become rather unsatisfactory. Individual labour market performance is no longer dependent on just the individual’s initial education, since todays labour market requires continuous learning and development throughout the career. Employability has become a key concept in the knowledge economy, and the traditional lifetime employment career in a single firm has been replaced by what has been termed the protean career (Hall and Moss, 1998). In such a career, the person, not the firm, is the managing agent. In order to measure or predict career success, uni-dimensional indicators such as educational background that economists have used in the past are no longer sufficient. In the modern economy, skills and knowledge are the main factors in production, and the measurement of competences is a logical step in determining and predicting individual labour market success more accurately and reliably.education, training and the labour market;