Back to school: Labor-market returns to higher vocational schooling

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Title: Back to school: Labor-market returns to higher vocational schooling
Authors: Böckerman, PetriHaapanen, MikaJepsen, Christopher
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Date: Dec-2019
Online since: 2022-07-06T15:51:09Z
Abstract: This paper examines the labor-market returns to a new form of postsecondary vocational education: vocational master's degrees. We use individual fixed effects models on a matched sample of students and non-students from Finland to capture any time-invariant differences across individuals. We find that attendance in vocational master's programs leads to an earnings increase of more than seven percent five years after entry. The estimated effect remains positive even if selection on unobservables is twice as strong as selection on observables. Earnings gains are similar by gender and age, but they are marginally higher for those in the health sector than for those in the business or technology and trades sector.
Funding Details: European Commission - Seventh Framework Programme (FP7)
Funding Details: Strategic Research Council at the Academy of Finland
Alfred Kordelin Foundation
Yrjö Jahnsson Foundation
Type of material: Journal Article
Publisher: Elsevier
Journal: Labour Economics
Volume: 61
Start page: 1
End page: 13
Copyright (published version): 2019 The Authors
Keywords: Vocational educationMaster's degreeLabor-market returnsReturns to attendance
JEL Codes: J24; I26
DOI: 10.1016/j.labeco.2019.101758
Language: en
Status of Item: Peer reviewed
ISSN: 0927-5371
This item is made available under a Creative Commons License:
Appears in Collections:Geary Institute Research Collection
Economics Research Collection

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