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Data-Driven Identification of Skills for the Future: 21st-Century Skills for the 21st-Century Workforce

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  • Alvin Vista

Abstract

The world is rapidly changing, and the systemic shifts have the potential to affect the nature of work. To prepare the workforce, it is crucial to develop the skills that will be necessary for the unpredictable landscape of the future. Before these skills can be developed, however, they have to be identified and quantified through some form of valuation. It is important that the approach to skills valuation is empirically defensible. This article presents an approach to skills valuation that focuses on the extent to which a skill facilitates occupational transitions as its measure of value. This valuation metric is then developed using a graph-theoretic approach. Results show that this valuation reflects skills-importance that aligns with existing skills valuation in the literature. Limitations of this approach and its potential extensions are discussed.

Suggested Citation

  • Alvin Vista, 2020. "Data-Driven Identification of Skills for the Future: 21st-Century Skills for the 21st-Century Workforce," SAGE Open, , vol. 10(2), pages 21582440209, April.
    • Handle: RePEc:sae:sagope:v:10:y:2020:i:2:p:2158244020915904
    DOI: 10.1177/2158244020915904
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    References listed on IDEAS

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    1. Daron Acemoglu, 1998. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(4), pages 1055-1089.
    2. Eli Bekman & John Bound & Stephen Machin, 1998. "Implications of Skill-Biased Technological Change: International Evidence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(4), pages 1245-1279.
    3. David H. Autor & Frank Levy & Richard J. Murnane, 2003. "The skill content of recent technological change: an empirical exploration," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
    4. Jyldyz Djumalieva & Antonio Lima & Cath Sleeman, 2018. "Classifying Occupations According to Their Skill Requirements in Job Advertisements," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-04, Economic Statistics Centre of Excellence (ESCoE).
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    Cited by:

    1. Olivera Simovic & Djurdjica Perovic & Milica Raicevic, 2020. "How organizational culture influences satisfaction of employees shown on the example of tourism businesses in Montenegro," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 18(2B), pages 223-239.

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