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More skilled, better paid: labour-market returns to postsecondary vocational education

Author

Listed:
  • Petri Böckerman
  • Mika Haapanen
  • Christopher Jepsen

Abstract

Outside the USA, relatively little is known about the labour-market returns to postsecondary vocational (or polytechnic) education. Yet, polytechnics in Europe are distinct from US community colleges. This paper focuses on the labour-market returns to polytechnic attendance in Finland, where polytechnics are representative of many European countries. Using matching methods and longitudinal administrative data, we find that, compared to individuals with no postsecondary education, students who attend polytechnics have higher annual earnings of €3,300 to €3,700 and employment gains of 2.5 to 6.6 percentage points 10 years after the entry decision. However, the returns vary by personal characteristics and field of study.

Suggested Citation

  • Petri Böckerman & Mika Haapanen & Christopher Jepsen, 2018. "More skilled, better paid: labour-market returns to postsecondary vocational education," Oxford Economic Papers, Oxford University Press, vol. 70(2), pages 485-508.
    • Handle: RePEc:oup:oxecpp:v:70:y:2018:i:2:p:485-508.
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    File URL: http://hdl.handle.net/10.1093/oep/gpx052
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    Citations

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    Cited by:

    1. Böckerman, Petri & Haapanen, Mika & Jepsen, Christopher, 2019. "Back to school: Labor-market returns to higher vocational schooling," Labour Economics, Elsevier, vol. 61(C).
    2. Stenberg, Anders, 2022. "A Note on Evaluating Formal Education for Adults," Working Paper Series 1/2022, Stockholm University, Swedish Institute for Social Research, revised 14 Jun 2022.
    3. Celeste K. Carruthers & Christopher Jepsen, 2020. "Vocational Education: An International Perspective," CESifo Working Paper Series 8718, CESifo.
    4. Karlsson, Linn, 2021. "Never too late? Returning to university after completing secondary education as adults," Umeå Economic Studies 1002, Umeå University, Department of Economics.
    5. Petri Böckerman & Mika Haapanen & Christopher Jepsen, 2018. "Labor-Market Returns to Higher Vocational Schooling," CESifo Working Paper Series 7197, CESifo.
    6. Oswald-Egg, Maria Esther & Renold, Ursula, 2021. "No experience, no employment: The effect of vocational education and training work experience on labour market outcomes after higher education," Economics of Education Review, Elsevier, vol. 80(C).
    7. Stenberg, Anders, 2022. "Does formal education for adults yield long-term multiplier effects or human capital depreciation?," Economics of Education Review, Elsevier, vol. 90(C).

    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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