Crea%ng(a(Lifelong(Learning( Marketplace Mitchell(Stevens( - - PowerPoint PPT Presentation

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Jun 28, 2023 164 likes •331 views

Crea%ng(a(Lifelong(Learning( Marketplace Mitchell(Stevens( Stanford(University( 12(December(2017( GIVEN( NOT(GIVEN( More(frequent(occupaConal(and( Shared(understanding(of( life(transiCons( dramaCc(change(

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Crea%ng(a(Lifelong(Learning( Marketplace

Mitchell(Stevens( Stanford(University( 12(December(2017(

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GIVEN(

More(frequent(occupaConal(and(

life(transiCons(

More(economic(uncertainty(and(

compeCCon(for(relaCve( advantage(

Growing(supply(of(lifelong(

learning/credenCal(opportuniCes( NOT(GIVEN(

Shared(understanding(of(

dramaCc(change(

Equitable(mechanisms(for(

maintaining(employability(

Reasonable(distribuCon(of(

informaCon(and(risk(in(markets( for(lifelong(learning/credenCals(

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Current(US(postsecondary(sector(is(a(complex( market

Wide(variety(of(providers(
Categorical(Cering(by(admissions(selecCvity(and(insCtuConal(wealth/

presCge(

SubstanCally(and(diffusely(subsidized(by(government(tax$exemp(on,$student$

loans$and$grants,$federal$research$support,$state5legislature$subsidy$

SubstanCal(informaCon(asymmetries(between(suppliers(and(

consumers$

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If(we(do(nothing,(what(kind(

f(lifelong(learning(

marketplace(will(we(get?(

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What(might(a(less(asymmetrical(marketplace(( look(like?

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George(A.(Akerlof,(”The(Market(for(’Lemons’:(( Quality(Uncertainty(and(the(Market(Mechanism,”(( Quarterly)Journal)of)Economics)84((1970):(488\500.

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Thank(you.( ( mitchell.stevens@stanford.edu( (