TY - JOUR
T1 - The labor market effects of academic and vocational education over the life cycle
T2 - Evidence based on a British Cohort
AU - Brunello, Giorgio
AU - Rocco, Lorenzo
N1 - Publisher Copyright:
© 2017 by The University of Chicago. All rights reserved.
PY - 2017/1/1
Y1 - 2017/1/1
N2 - 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.
AB - 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.
U2 - 10.1086/690234
DO - 10.1086/690234
M3 - Article
SN - 1932-8575
VL - 11
SP - 106
EP - 166
JO - Journal of Human Capital
JF - Journal of Human Capital
IS - 1
ER -