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Population ageing will bring economic challenges in the future. The purpose of this paper is to examine whether increased educational level could mitigate the consequences of population ageing on economic sustainability, measured as the gap between labour income and consumption.

Using the National Transfer Accounts (NTA) methodology, the authors decompose labour income and consumption by age and educational level (low, medium and high) and compare obtained age profiles with those calculated conventionally. In addition, using the population projections by age and educational level, the authors project both profiles to 2060 for selected EU countries and assess future economic sustainability.

The results show that the highly educated have a significantly higher surplus for a longer period then those with lower and medium education. Therefore, the improved educational level of individuals will have a substantially positive impact on labour income in the future—on average by about 32% by 2060 for all EU countries included. However, as the better educated also consume more, higher production does not fully translate into improved economic sustainability, but the resulting net effect is still positive at about 19%.

The authors present for the first time an NTA by education for 15 EU countries and show the importance of including education in the analysis of the economic life cycle. The authors also show that increased educational level will mitigate the consequences of population ageing on economic sustainability in the future.

Finland’s globally accepted teaching practices are purely based on common sense, and holistically promote equity over excellence. “New Wine in a new bottle” literally means unlearning old thoughts and relearning new skills updated to changes in the world recouping to new trends and establishing ourselves full-fledged meeting the demand of the hour. The question of why India still doesn’t get enough Noble Prizes in required disciplines is still unanswerable. Still in India, there exist the archaic forms of the classroom setting with little room for flexibility and no educational freedom; moreover, with a highly pressurised testing environment. With the increasing population of Indian set-up, most of the teachers are underpaid and are less satisfied with the amount of effort they put in and their pay scale. A paradigm shift could be expected in India’s educational landscape post the introduction of the National Education Policy 2020; by reducing the academic workload for students and improving their holistic intelligence thereby. The NEP framework has been structured based on certain practical pedagogies from the Finnish context. The 5+3+3+4 model would encourage students to make their communication more effective, prioritising creativity, critical thinking, and personality development; say, various experts. There is a direct connection between education and poverty level in an economy. If the system lacks quality, then it would adversely affect the economic functioning of a nation. This study highlights the cases from both the Indian and Finnish contexts, clarifying the loopholes in our education system and what lessons could be incorporated from the Finnish model; so as to devise a policy at the national level for re-engineering the impoverished situations, keeping in mind sustainable architecture. This chapter is the first of its kind not ever published elsewhere and is original in nature.

We investigate how firing notification procedures influence wage growth. Using a sample of 33 countries over the period 2006–2015, we show that administrative requirements in cases of dismissal have a positive and significant effect on wage growth. The result is robust even after controlling for the endogeneity of the firing notification restrictions, the involvement of third parties in the wage bargaining process, the minimum wage, the firms' training policy, and the composition of employment. These findings suggest that firing notification procedures foster the growth of wages by increasing the bargaining power of incumbent workers.

This study aims to investigate the relationship between Kosovo remittances, migration and labor force participation and seeks to uncover how migration and remittances, often considered separately, interact to shape labor market outcomes across gender, age and education groups.

To analyze the relationship between remittances, migration and labor force participation, this study leverages multivariate probit (mvprobit) to rectify the endogeneity issue intrinsic from remittances and migration. Utilizing this robust methodological approach allows us to circumvent the limitations traditionally associated with biprobit analysis. The research is grounded in empirical evidence from the Millennium Century Corporation survey in Kosovo.

The findings indicate that remittances and migration are pivotal determinants in shaping the contours of labor force participation, particularly influencing disparities across gender, age and educational attainment. Further, this study unearthed intriguing evidence suggesting the disincentivizing effect of remittances on labor force participation, alongside the potentially disruptive influence of prospective migration plans.

The novelty of this work lies not only in the context-specific insights it provides into the socio-economic fabric of Kosovo—an area that has hitherto received limited scholarly attention—but also in its methodological innovation. The simultaneous application of mvprobit technique provides a nuanced approach to tackle the inherent endogeneity issue, thereby pushing the methodological frontiers of the field.

This study aims to analyze employer’s engagement to the technical and vocational education and training (TVET) system among ASEAN member states by developing the analytical framework.

Data collection has been made through collaboration between the research team and the ASEAN regional consultants recruited for the project by using the survey questionnaire. ASEAN member states are analyzed based on the framework, which includes the existence of meeting, the existence of law or regulation, the degree of influence of meeting to TVET and the degree of influence of the employers to TVET.

Employers’ engagement can play its significant role as part of monitoring the skills demand of labor market. If the country can build feedback mechanism which circulates skills supply and demand on behalf of individual sectors, it will help reduce the skills gap.

The pace of economic development is and has been more rapid among 10 ASEAN member states. To analyze employer’s engagement to the TVET system among ASEAN member states, developing the analytical framework is imperative. Not only is there insufficient labor market information for each country, but there is also a lack of information linking the labor market and TVET system.

The purpose of this study is to establish whether all the dimensions of entrepreneurship skills matter for sustainable business start-up among the youths, using evidence from a developing economy.

This was cross-sectional study which utilized a quantitative approach. Data were collected using a self-administered questionnaire from 254 youths who undertook skills training at the various government-supported business skills training centers in the Greater Kampala Metropolitan Area (GKMA), that is to say, Kampala, Mukono and Wakiso. Data collected were analyzed using the Statistical Package for the Social Sciences (SPSS) to derive descriptive, correlational and hierarchical regression.

Study findings indicate that unlike entrepreneurial skills, management, technical and personal maturity skills matter for the sustainability of business start-up of youths in Uganda. However, when all skills are compared, management skills matter most as compared to technical and personal maturity skills.

This study strengthens the existing literature on the sustainable business start-up of youths in Uganda. It is also relevant for policy decision-making and policy reversal because it demonstrates that skilling is pertinent and should be encouraged and rolled out across the country to encourage sustainable youth business start-ups. To increase sustainable business start-up among youths, management skills should be prioritized, together with technical and personal maturity skills, compared to entrepreneurial skills, which should only be emphasized at the idea generation, planning, resource mobilization and business implementation stages.

This study aimed to investigate the perception and acceptance of artificial intelligence (AI) technologies among the Israeli workforce. More specifically, it examined how age, income, and education level are related to employees’ fears of being replaced by AI technologies and their willingness to adopt these technologies in their personal and professional lives.

Data were collected by surveying 502 adults from the Jewish population of Israel in February 2023 via an Internet panel. Stratified sampling was performed to ensure a representative cross-section of the population.

Contrary to the expectations from a technologically advanced society, the findings indicated varied levels of enthusiasm and apprehension. Age was found to be negatively correlated with the fear of being replaced by AI technologies and the willingness to adopt these technologies. Income was negatively correlated with the fear of being replaced by AI technologies. Education level was negatively correlated with the fear of being replaced and positively correlated with the willingness to adopt.

The findings provide valuable guidance for policymakers, educators, and business leaders in shaping AI integration strategies. They emphasize the need for targeted educational and policy initiatives to bridge the gap in AI readiness.

This study offers unique insights into the perceptions toward AI in a leading technological hub, contributing to the understanding of how advanced societies are adapting to rapid AI integration.