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STS364 Maria F.
            could  be  from  interviewing  the  households.  Direct  measurement  of
            employment  in  the  informal  sector as  well  as  informal  employment  is low
            among the developed countries. Though informal employment is difficult for
            measuring,  the  ILO  notes  the  importance  of  the  topic  and  the  increasing
            demand  for  information  by  many  users,  it  is  important  to  understand  the
            contribution to GDP of the informal sector.
               3.2 International data collection on education is mainly focused on formal
            education. The heterogeneity of non-formal education makes it difficult to
            develop  general  guidelines  for  data  collection  and  analysis.  Non-formal
            education programs have great influence on labour market in terms of skills,
            as the programs are focused less on theoretical learning and more on skill
            training.
               3.3 ISCED is designed to classify the activities of educational institutions
            due  internationally  agreed  categories,  it  has  no  focus  to  assess  the
            competences  of  individuals.  It  collects  data  on  participants,  entrants,
            graduates and educational attainment due to educational level, orientation
            and  field  of  study.  The  methodology  cannot  be  used  for  evaluating  the
            efficiency of educational programs in relation to measuring the skills obtained,
            only for the qualifications.
               3.4 To evaluate the efficiency of tertiary education system in meeting the
            demands of labour market we suggest to add the following information to the
            survey measuring the skill level of the person in employment: with every skill
            that  the  respondent  assesses  he  puts  information  about  the
            place/program/institution where he developed it. Not only this data will help
            to understand the efficiency of educational programs, but also to compare the
            efficiency of formal, non-formal and informal educational sectors.
               3.5 If the survey contains information about formal/informal employment
            of the respondent, it will be possible to make the analysis of professional skills
            to be developed when switching from one employment category to another.

            4.  Discussion and Conclusion
            We are living in the age when in developed countries employment can be
            characterized by two major factors: 1. in comparison to previous generations
            the working period in the life of the person has increased (we observe both
            the shift of retirement age and a big share of people continue working after
            retirement  both  in  formal  and  informal  sectors);  2.  in  situation  of  digital
            revolution there is a transformational change in the skills demanded by labour
            market. As the speed of changes is increasing, people are having more than
            one job during their life. In this situation both for the economy of countries
            and  households  it  is  important  that  people  are  ready  and  have  access  to
            efficient  life-long  educational  programs  providing  the  good  return  on
            investments. For this it is crucially important to have the up-to-date picture on

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