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Post-compulsory Education

In: Economics of Education

Author

Listed:
  • Aitor Lacuesta

    (Banco de España)

  • Brindusa Anghel

    (Banco de España)

  • Marcel Jansen

    (Universidad Autónoma de Madrid y FEDEA)

  • Ana Regil

    (Banco de España)

Abstract

This chapter examines post-compulsory education choices and their long-term economic implications. It explores the factors influencing students’ decisions between vocational training and academic education, highlighting the role of labor market conditions, individual preferences, and expected returns on education. Empirical evidence shows that economic booms can reduce education continuation rates by increasing job opportunities for low-skilled workers. The analysis shows that vocational education provides a smoother school-to-work transition, particularly in countries with strong apprenticeship systems. However, academic education might yield higher lifetime earnings. The chapter emphasizes the importance of aligning education policies with labor market demands to enhance educational and employment outcomes.

Suggested Citation

  • Aitor Lacuesta & Brindusa Anghel & Marcel Jansen & Ana Regil, 2025. "Post-compulsory Education," Springer Books, in: Antonio Cabrales & Ismael Sanz (ed.), Economics of Education, pages 295-326, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-90911-5_10
    DOI: 10.1007/978-3-031-90911-5_10
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