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The Labour Market Effects of Academic and Vocational Education Over the Life Cycle: Evidence from Two British Cohorts

2015; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.2655315

1556-5068

Giorgio Brunello, Lorenzo Rocco,

Intergenerational and Educational Inequality Studies

Download This Paper Open PDF in Browser Add Paper to My Library Share: Permalink Using these links will ensure access to this page indefinitely Copy URL The Labour Market Effects of Academic and Vocational Education Over the Life Cycle: Evidence from Two British Cohorts 44 Pages Posted: 4 Sep 2015 See all articles by Giorgio BrunelloGiorgio BrunelloUniversity of Padua - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Institute for the Study of Labor (IZA)Lorenzo RoccoUniversity of Padua; University of Toulouse I Abstract Several commentators have argued that vocational education provides a smoother school to work transition than academic education. In the long - run, however, the skills it provides depreciate faster and individuals with this type of education are less capable of adapting to technical change. Because of this, its short – term advantages trade off with expected long-term disadvantages in terms of employment, wages or both. Using two UK cohort studies, that allow us to follow individuals for at least 16 years in the labour market, we investigate whether this view has empirical support.For employment, our results indicate that the initial advantage associated to vocational education declines over time, without turning however into a disadvantage at later ages. For real net wages, the picture is more nuanced, with results that vary by cohort and educational level. Overall, our evidence suggests that vocational education is associated to lower expected long-term utility only for the younger cohort with higher (post-secondary) education. We further distinguish between dominant and non-dominant vocational education to account for the different bundles of skills held by individuals, and find that those with a more balanced bundle tend to have higher expected long-term earnings. Keywords: vocational, academic education, UK JEL Classification: J31 Suggested Citation: Suggested Citation Brunello, Giorgio and Rocco, Lorenzo, The Labour Market Effects of Academic and Vocational Education Over the Life Cycle: Evidence from Two British Cohorts. Available at SSRN: https://ssrn.com/abstract=2655315 Giorgio Brunello (Contact Author) University of Padua - Department of Economics ( email ) via Del Santo 3335121 PadovaItaly+39 049 827 4223 (Phone)+39 049 827 4221 (Fax) CESifo (Center for Economic Studies and Ifo Institute for Economic Research) Poschinger Str. 5Munich, DE-81679Germany Institute for the Study of Labor (IZA) P.O. Box 7240Bonn, D-53072Germany Lorenzo Rocco University of Padua ( email ) Via 8 Febbraio, 2Padova, Vicenza 35122Italy University of Toulouse I Place Anatole FranceToulouse Cedex, F-31042France Download This Paper Open PDF in Browser Do you have a job opening that you would like to promote on SSRN? 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