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Chapter 2: Investing in human capital and responding to long-term
societal challenges ............................................................................103
1. Introduction
2. Long-term challenges threatening job-rich and inclusive growth ....................106
3. Policy and institutional framework .....................................................109
3.1. Forming human capital .....................................................................109
3.2. Maintaining human capital ...................................................................115
3.3. Using human capital .......................................................................118
4. Policies and their impact: Evidence from the Labour Market Model ..................124
4.1. Forming HC: Investment in education — the case of Germany ........................................124
4.2. Maintaining HC: Investment in training — the case of Slovakia .......................................125
4.3. Using HC: Labour demand incentives to youth employment — the case of Italy ..........................128
5. Conclusions ...............................................................................130
Annex .........................................................................................131
References ....................................................................................132
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societal challenges ............................................................................103
1. Introduction
2. Long-term challenges threatening job-rich and inclusive growth ....................106
3. Policy and institutional framework .....................................................109
3.1. Forming human capital .....................................................................109
3.2. Maintaining human capital ...................................................................115
3.3. Using human capital .......................................................................118
4. Policies and their impact: Evidence from the Labour Market Model ..................124
4.1. Forming HC: Investment in education — the case of Germany ........................................124
4.2. Maintaining HC: Investment in training — the case of Slovakia .......................................125
4.3. Using HC: Labour demand incentives to youth employment — the case of Italy ..........................128
5. Conclusions ...............................................................................130
Annex .........................................................................................131
References ....................................................................................132
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