Labor-Market Returns to Higher Vocational Schooling

69 Pages Posted: 31 Oct 2018

See all articles by Petri Böckerman

Petri Böckerman

Labour Institute for Economic Research

Mika Haapanen

University of Jyväskylä - School of Business and Economics

Christopher Jepsen

University College Dublin (UCD) - School of Economics

Date Written: 2018

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 the matched sample of students and non-students from Finland to capture any time-invariant differences across individuals. Attendance in vocational master’s programs leads to higher earnings of eight percent five years after entry 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 health than for business or technology and trades.

Keywords: vocational education, master’s degrees, labor-market returns

JEL Classification: J240, I260

Suggested Citation

Böckerman, Petri and Haapanen, Mika and Jepsen, Christopher, Labor-Market Returns to Higher Vocational Schooling (2018). CESifo Working Paper No. 7197. Available at SSRN: https://ssrn.com/abstract=3275369

Petri Böckerman (Contact Author)

Labour Institute for Economic Research

FIN-00530 Helsinki
Finland

Mika Haapanen

University of Jyväskylä - School of Business and Economics ( email )

University of Jyväskylä
PO Box 35
FIN 40351, FIN-40014
Finland

Christopher Jepsen

University College Dublin (UCD) - School of Economics ( email )

Belfield, Dublin 4 4
Ireland

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