The economic benefits of VET for individuals [Risorsa elettronica]

Luxembourg : Publications Office of the European Union, 2011

Abstract/Sommario: This report contains a quantitative analysis of the effects of vocational education and training on wages and employment status.The study supports the view that education has a protective effect against the risk of unemployment. However, it is also found that (employer-provided) training has positive effect on the likelihood of being in employment. The returns on educational choices across various forms of education and types of occupational trajectories (of equal length) are generally ...; [leggi tutto] This report contains a quantitative analysis of the effects of vocational education and training on wages and employment status.The study supports the view that education has a protective effect against the risk of unemployment. However, it is also found that (employer-provided) training has positive effect on the likelihood of being in employment. The returns on educational choices across various forms of education and types of occupational trajectories (of equal length) are generally of similar magnitude. Academic education has strong positive effects on wages and employment across all countries. The returns on one extra year of tertiary education are about 7%, for men and women alike (consistent with literature), and equal to the returns of one extra year of initial VET (IVET). This suggests that investments in general (tertiary) education and in IVET could be characterised by an equal rate of return. The returns on continuing VET (CVET) are also in the same range: on average 10% for men and 7% for women. Here too the returns on workplace training are in line with the returns on general education. The effects of education on wages are larger for individuals with greater (unobserved) skills. This suggests complementarities between vocational and academic education and training, on the one hand, and unobserved skills on the other.

Il rapporto presenta un'analisi quantitativa degli effetti dell'istruzione e formazione professionale sui salari e sullo stato occupazionale in Ue, sostenendo il ruolo fondamentale dell'educazione sul duplice piano dell'accesso e della permanenza nel mondo del lavoro. La ricerca ha messo in evidenza, in particolare, il ruolo della formazione continua quale strumento per implementare le competenze acquisite attraverso la formazione professionale iniziale, allontanandosi dalla visione convenzionale della formazione come forma di compensazione di eventuali carenze individuali. Lo studio evidenzia inoltre che l'istruzione generale e la VET, soddisfacendo esigenze di lavoratori con abilità e preferenze diverse che a loro volta compensano richieste di competenze diverse da parte del mercato del lavoro, apportano gli stessi benefici economici. [comprimi]

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The economic benefits of VET for individuals [Risorsa elettronica] / Cedefop. - Dati testuali elettronici. - Luxembourg : Publications Office of the European Union, 2011. - (Research paper ; 11)

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