Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology
Roland Andersson, Pardis Nabavi Larijani and Mats Wilhelmsson
The impact of vocational education and training on income in Sweden
Abstract: The aim of this article is to investigate the impact of
advanced vocational education and training (AVET) on earnings. We use a
multiple longitudinal panel data set for the period 1996 to 2008. Moreover,
we have a panel for eight different labour markets in Sweden. By estimating
an income equation, we test, while controlling for selection bias, the
impact, if any, of AVET on earnings. Ordinary least squares (OLS) estimates
are compared with instrumental variable (IV) and Hausman–Taylor estimates,
together with fixed effect estimates. We also restrict the sample to those
individuals with a higher probability of attending vocational education and
training. The results are rather robust and indicate that earnings are
higher for individuals who have undertaken a vocational training programme.
We use quantile regression techniques to estimate not only the mean return
to vocational training effects but also distributional effects.
Keywords: Vocational training; Instrument variables; Hausman-Taylor; quantile regression; (follow links to similar papers)
JEL-Codes: I21; J01; J31; (follow links to similar papers)
37 pages, March 21, 2013
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