Social-Economic Theory – Skills for Success Practitioner Tools & Resources

Human Capital Theory

Human Capital Theory suggests that education and training are investments that make individuals more productive.

Bourdieu, P. (1986). The Forms of Capital. In J.G. Richardson (Ed.), Handbook of theory and research for the sociology of education (pp. 241-58). Greenwood Press. http://dx.doi.org/10.1002/9780470755679.ch15 (login required).
Freire, P., & Ramos, M. B. (1970). Pedagogy of the oppressed. Seabury Press. http://dx.doi.org/10.4324/9781003060635-5 (login required).
Almendarez, L. (2011). Human Capital Theory: Implications for Educational Development. https://www.open.uwi.edu/sites/default/files/bnccde/belize/conference/papers2010/almendarez.html

Relationship between Skills for Success and social and economic outcomes

Research, Skills for Success Framework, Social-Economic TheorySFS-1.4

The relationship between Skills for Success and social and economic outcomes is that higher levels of skills leads to increases in GDP, productivity, health outcomes and more.

OECD and HRSDC (1997). Literacy skills for the knowledge society: Further results of the International adult literacy survey https://eric.ed.gov/?id=ED465012 (login required).
McCracken, M and Murray, T.S (2007) The economic Benefits of Literacy, CLLRN, Ottawa
Murray, TS, Shillington, R and Glickman, V. (2009). Literacy, health literacy and health: Understanding the links, PHAC, Ottawa
Lange, J and Murray, T.S. (2018). Literacy Lost: Canada’s Basic Skills Shortfall: http://www.dataangel.ca/docs/CWF_LiteracyLost_December2018.pdf

Skill Supply and Demand

Social-Economic TheorySFS-1.1

Skill supply and demand is the relationship between the supply of skills from the education and training sector and the demand for skills from the labour market.

Hot Skills in a Dynamic Canadian Labour Market: https://irc.queensu.ca/hot-skills-in-a-dynamic-canadian-labour-market/
How to Forecast Skills in Demand: https://fsc-ccf.ca/wp-content/uploads/2021/04/How-to-Forecast-Skills-In-Demand-Report-April2021-EN.pdf