Objective 3: Cost-Benefit Analyses/Stochastic Life-Cycle model

June 19, 2025
Posted in DIAMOND
June 19, 2025 admin

Reskilling Isn’t Easy – But Smarter Tools Can Help 

Across Europe, labor markets are transforming rapidly under the twin pressures of the green and digital transitions. As the Brussels Forum points out, these shifts are not just technological or environmental – they are deeply social and economic, disrupting traditional job structures and creating a pressing need for adaptive, future-proof skills (Source: Brussels Forum).

That’s why DIAMOND is developing a unique Stochastic Life-Cycle Model, a decision-making simulation that reflects how people really weigh risks, costs, and benefits over their lifetime when it comes to reskilling and upskilling.

Why is this important?

For individuals, lifelong learning comes with uncertainty. The payoff from training is not guaranteed – benefits often come later, while risks like job loss or automation are immediate. These challenges especially affect vulnerable groups and sectors in transition.

🎯 DIAMOND’s Objective 3 tackles this by:

  • Creating a life-cycle simulation to mirror real-world career decisions
  • Personalizing the model with gender, skills, job type, and income
  • Integrating cost-benefit analysis using data from GROW Index, MOVE& WP6 pilots
  • Evaluating long-term effectiveness of ALPM (Adult Learning & Professional Mobility) programs

By simulating real-life uncertainty and transitions, this tool helps policymakers and education providers design smarter lifelong learning strategies, tailored to actual risks, needs, and life situations.

Want to learn more?
🔗 https://diamond-empower.eu

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DIAMOND Empowerment

Providing a Digital and Modular Ecosystem for
Personalized Capabilities Development to Enhance
Labour Market Participation and Employment Transition

Project Co-Funded by the EU: 101178081 — DIAMOND — HORIZON-CL2-2024-TRANSFORMATIONS-01

Disclaimer: Funded by the European Union.
Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those
of the European Union or the European Research Executive Agency (REA).
Neither the European Union nor the granting authority can be held responsible for them.

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