New estimation of private returns to higher professional education and training.

Autor/in	Cattaneo, M. Alejandra
Titel	New estimation of private returns to higher professional education and training.
Quelle	In: Empirical research in vocational education and training, 3 (2011) 2, S. 71-84Infoseite zur Zeitschrift PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Beigaben	Literaturangaben
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	1877-6337; 1877-6345
URN	urn:nbn:de:0111-opus-82534
Schlagwörter	Bildungsertrag; Einkommenseffekt; Kosten-Nutzen-Analyse; Arbeitsmarktrisiko; Höhere Berufsbildung; Schweiz
Abstract	"In this paper, a cost-benefit type of analysis is used to determine the rate of returns to education for the specific case of professional education and training (PET), differentiating for the two types of PET education offered in Switzerland. In contrast to the Mincer-type of analysis, the cost-benefits calculations allow to include the costs of education, direct and indirect, and the risk of unemployment. The net benefits of the PET program are estimated by calculating the discounted wages over the lifecycle, minus lost wages in case of unemployment, and the costs of education for individuals. These net benefits are then compared to those of individuals with upper secondary vocational education. The Swiss Labor Force Survey (SLFS) 1996-2009 is used in this analysis. The panel structure of the SLFS allows to calculate lower bounds of the wage gains, correcting thereby the endogeneity of the educational choice. The results show that, independent of the amount of financial support, individuals completing a PET have significant net-wage gains." (Autorenreferat, BIBB-Doku).
Erfasst von	Bundesinstitut für Berufsbildung, Bonn
Update	2012/3