Article 2017

The labor market effects of academic and vocational education over the life cycle: Evidence based on a British Cohort

BG
Brunello, Giorgio
 RL
Rocco, Lorenzo
Journal of Human Capital
Journal · Vol. 11 · Issue 1 · pp. 106-166
Abstract

Several commentators have argued that the short-term advantage of vocational versus academic education, which is a smoother school-to-work transition, trades offwithlong-termdisadvantages,which are lower employment and/or lower wages. Using data based on the careers of individuals born in the United Kingdom in 1958, we find evidence of a trade-off, but only for real wages and only for the group with lower vocational education. These results are confirmed when the careers of individuals born in 1970 are examined. The presence of a trade-off does not imply, however, that individuals with vocational education have lower longterm utility. © 2017 by The University of Chicago. All rights reserved.

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Author Affiliations
Università degli Studi di Padova, Padua, PD, Italy, CESifo GmbH, Munich, Bayern, Germany, IZA - Institute of Labor Economics, Bonn, Nordrhein-Westfalen, Germany, Maastricht University School of Business and Economics, Maastricht, Netherlands
Università degli Studi di Padova, Padua, PD, Italy
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References 10 References
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