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Insights into the Economic Benefits of VPET for Individuals: Theoretical and Empirical Results for Researchers and Practitioners

Uschi Backes-Gellner

No 180, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)

Abstract: One of the aims of the research on Vocational and Professional Education and Training (VPET) is to investigate the three important players of any national VPET system, i.e. firms, individuals, and the state/institutional framework. Studying these players is important to understand the conditions under which a VPET-system can be in sustainable high-quality equilibrium and well prepared for future challenges. This Working Paper is a preprint of "Chapter 4 Preview and Ongoing Research: Benefits of VPET for Individuals" and covers research (mostly from the Swiss Leading House on Economics of Education) that analyzes individuals' choices and outcomes before, during or after participation in VPET. The research includes theoretical and empirical analyses on both the decision to start VET and on the career and labor market outcomes of VPET graduates as compared to workers with other types of education.

Pages: 13 pages
Date: 2021-03
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