The power of self-interest: Effects of subsidies for adult education and training
Justin van de Ven (),
Cain Polidano () and
No 480, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research
Education and training among the working-age population has become an increasingly important policy issue as working lives have lengthened and the pace of technological change has quickened. This paper describes the effects of a reform that broadened access to public subsidies for adult Vocational Education and Training. Difference-in-differences analysis reveals that the large-scale reform, which was introduced in the Australian state of Victoria from 2009, increased participation in VET among the population aged 25-54, and corresponded with an improved match between subsidised VET courses taken and ex ante measures of labour market demand. Indeed, the scheme was so popular that it resulted in a budget over-run by 2012 of $400 million (AUD, on a total budget of $1.3 billion).
Keywords: adult education; voucher; entitlement; Vocational Education and Training (VET); demand-driven subsidy (search for similar items in EconPapers)
JEL-codes: I22 I28 H31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:480
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