 Investment in Human Capital: Vocational vs. Academic EducationMPRA Paper from University Library of Munich, Germany Abstract: The dilemma of providing effective education particularly in developing countries with limited resources and ambiguous calculations of rates of return due to unstable economies and labour market fluctuations makes it an absolute necessity to consider costs and benefits associated both with academic and vocational education.Through argumentation and scholarly literature analysis the paper brings together the benefits of academic education and emphasizes its multiple positive implications as opposed to secondary-school level vocational education that has a number of problematic issues to tackle. The argument further develops towards shifting vocational education from secondary-school level to on-the-job short-term technical trainings.The paper also brings arguments from scholarly literature that while rich developed countries can afford certain amount of vocationally oriented subjects incorporated into comprehensive secondary school curricula, the most optimal way for developing countries to find the solution to the problem would be to conduct vocational training courses at job places and adhere to general academic education in secondary schools. Keywords: human capital; rates of return to education; manpower forecasting; efficiency effects of curricula; equity effects of curricula; hybrid curricula. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:16558 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.