Vocational versus general secondary education, comparing labor-market outcomes for different types of students.

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Journal Title

Journal ISSN

Volume Title

School of Business | Bachelor's thesis

Date

2023

Major/Subject

Mcode

Degree programme

Bachelor’s programme in Economics

Language

en

Pages

25

Series

Abstract

Secondary education differs greatly between countries and does so mainly through the size of the vocational versus the general track. This has invariably sparked discussions and interests in researching how the labor market outcomes might differ between those enrolled in the different secondary education tracks. The research covered in this literature review presents varying perspectives without reaching a definitive conclusion. Some suggest a tradeoff, where initial advantages of vocational education diminish over time compared to general education. Conversely, other studies find sustained benefits of vocational education. A recurring theme is the necessity of considering selectivity in educational choices for accurate causal estimations. This thesis underscores the role of comparative advantage in shaping individual educational decisions and explores the distinct pros and cons of vocational and general education based on individual attributes. In the Finnish context, academically strong students are found to benefit more from general education, whereas less academically inclined individuals may find vocational education more advantageous. Evidence suggests potential higher lifetime earnings for average students through vocational education. The thesis discusses the possible expansion of vocational education in Finland and raises concerns over students in the general track who do not continue into higher education and the poor-performing students in the vocational track who drop out. The findings contribute to the ongoing discourse on secondary education and offer insights for policymakers, educators, and students.

Description

Thesis advisor

Stryjan, Miri

Keywords

secondary education, vocational education, returns to education, Finland, Comparative advantage

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Citation