Post-compulsory Education

Aitor Lacuesta, Brindusa Anghel, Marcel Jansen and Ana Regil
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Ana Regil: Banco de España

A chapter in Economics of Education, 2025, pp 295-326 from Springer

Abstract: Abstract This chapter examines post-compulsory education choices and their long-term economic implications. It explores the factors influencing students’ decisions between vocational training and academic education, highlighting the role of labor market conditions, individual preferences, and expected returns on education. Empirical evidence shows that economic booms can reduce education continuation rates by increasing job opportunities for low-skilled workers. The analysis shows that vocational education provides a smoother school-to-work transition, particularly in countries with strong apprenticeship systems. However, academic education might yield higher lifetime earnings. The chapter emphasizes the importance of aligning education policies with labor market demands to enhance educational and employment outcomes.

Keywords: Post-compulsory education; Vocational training; Academic education; Labor market outcomes; Education policy; Returns to education (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-90911-5_10

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DOI: 10.1007/978-3-031-90911-5_10

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