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Profitability of Vocational vs. Formal Education for Men and Women in Singapore Using Quantile Regressions

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  • Chris Sakellariou

    (Division of Economics,School of Humanities and Social Sciences, Nanyang Technological University, Singapore)

Abstract

Singapore is among the countries who have well-developed vocational education and training programs. It follows a centralized planning model in which the needs of industry and business are closely matched to the output of the education system. This study examines the pattern of returns to formal vs. vocational education across quantiles. It is hypothesized that heterogeneity in “abilities” which contribute to higher earnings is related to schooling acquisition. It is found that marginal returns to formal education for both men and women as well as to vocational education for women in Singapore are higher for the more able, consistent with the notion that formal education and ability are compliments. Furthermore, women with secondary and post-secondary vocational qualifications enjoy higher wage increments than men with the same qualifications. On the other hand, men with polytechnic diplomas enjoy higher wage increments than women with the same qualifications. Overall, the results suggest that the vocational education system in Singapore has served women as well as men with secondary and post-secondary qualifications well.

Suggested Citation

  • Chris Sakellariou, 2005. "Profitability of Vocational vs. Formal Education for Men and Women in Singapore Using Quantile Regressions," Economic Growth Centre Working Paper Series 0502, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
  • Handle: RePEc:nan:wpaper:0502
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    File URL: http://www3.ntu.edu.sg/hss2/egc/wp/2005/2005-02.pdf
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    References listed on IDEAS

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    1. Arnaud Chevalier & Colm Harmon & Ian Walker & Yu Zhu, 2004. "Does Education Raise Productivity, or Just Reflect it?," Economic Journal, Royal Economic Society, vol. 114(499), pages 499-517, November.
    2. Martins, Pedro S. & Pereira, Pedro T., 2004. "Does education reduce wage inequality? Quantile regression evidence from 16 countries," Labour Economics, Elsevier, vol. 11(3), pages 355-371, June.
    3. Pereira, Pedro Telhado & Martins, Pedro Silva, 2000. "Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries," FEUNL Working Paper Series wp379, Universidade Nova de Lisboa, Faculdade de Economia.
    4. Koenker,Roger, 2005. "Quantile Regression," Cambridge Books, Cambridge University Press, number 9780521845731, April.
    5. Mwabu, Germano & Schultz, T Paul, 1996. "Education Returns across Quantiles of the Wage Function: Alternative Explanations for Returns to Education by Race in South Africa," American Economic Review, American Economic Association, vol. 86(2), pages 335-339, May.
    6. Chris Sakellariou, 2003. "Rates of Return to Investments in Formal and Technical/Vocational Education in Singapore," Education Economics, Taylor & Francis Journals, vol. 11(1), pages 73-87.
    7. Neuman, Shoshana & Ziderman, Adrian, 1991. "Vocational schooling, occupational matching, and labor market earnings in Israel," Policy Research Working Paper Series 683, The World Bank.
    8. Sourafel Girma & Abbi Kedir, 2003. "Is Education More Benficial to the Less Able? Eocnometric Evidence from Ethiopia," Discussion Papers in Economics 03/1, Department of Economics, University of Leicester.
    9. Paul Bennell, 1996. "General versus vocational secondary education in developing countries: A review of the rates of return evidence," Journal of Development Studies, Taylor & Francis Journals, vol. 33(2), pages 230-247.
    10. Shoshana Neuman & Adrian Ziderman, 1991. "Vocational Schooling, Occupational Matching, and Labor Market Earnings in Israel," Journal of Human Resources, University of Wisconsin Press, vol. 26(2), pages 256-281.
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