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The Pros and Cons of the Dual System of Vocational Education versus those of the Active Lifecycle in a Changing World

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  • Eric A. Hanushek
  • Ludger Wößmann
  • Lei Zhang

Abstract

Both politics and research to date emphasise that vocationally-specific education or training has an advantage over all general forms of education by making it easier for young people to move from the educational into the vocational system. However, Eric A. Hanushek, Stanford University, Ludger Wößmann, Ludwig-Maximilians-University Munich and Ifo Institut, and Lei Zhang, National Institute for Fiscal Studies at Tsinghua University, show that this advantage is outweighed by the disadvantage of reduced employment possibilities at an older age, if the full active lifecycle is taken into account and the economy is subject to fast technological and structural change.

Suggested Citation

  • Eric A. Hanushek & Ludger Wößmann & Lei Zhang, 2012. "The Pros and Cons of the Dual System of Vocational Education versus those of the Active Lifecycle in a Changing World," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(01), pages 40-42, January.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:01:p:40-42
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    References listed on IDEAS

    as
    1. Eric A. Hanushek & Guido Schwerdt & Ludger Woessmann & Lei Zhang, 2017. "General Education, Vocational Education, and Labor-Market Outcomes over the Lifecycle," Journal of Human Resources, University of Wisconsin Press, vol. 52(1), pages 48-87.
    2. Dirk Krueger & Krishna B. Kumar, 2004. "Skill-Specific rather than General Education: A Reason for US--Europe Growth Differences?," Journal of Economic Growth, Springer, vol. 9(2), pages 167-207, June.
    3. Paul Ryan, 2001. "The School-to-Work Transition: A Cross-National Perspective," Journal of Economic Literature, American Economic Association, vol. 39(1), pages 34-92, March.
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    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • I20 - Health, Education, and Welfare - - Education - - - General

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