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

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( • More(economic(uncertainty(and( • Equitable(mechanisms(for( compeCCon(for(relaCve( maintaining(employability( advantage( • Reasonable(distribuCon(of( • Growing(supply(of(lifelong( informaCon(and(risk(in(markets( learning/credenCal(opportuniCes( for(lifelong(learning/credenCals(

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 $

If(we(do(nothing,(what(kind( of(lifelong(learning( marketplace(will(we(get?(

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

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

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