Facing the life-cycle trade-off between vocational and general education in apprenticeship systems. An economics-of-education perspective ; Die Abwägung berufsspezifischer und allgemeiner Bildung über den Lebenszyklus. Eine bildungsökonomische Perspektive

This paper discusses the role of vocational education, and in particular apprenticeship education, in preparing students for the labor market, with a particular focus on a life-cycle perspective in changing economies. The basic idea is that vocational education may facilitate entry into the labor market but hurt employment opportunities later in life because of limited adaptability to changing economic environments. We summarize evidence on the changing effects of vocational education over the life cycle from the international adult achievement tests IALS and PIAAC and country-specific evidenc... Mehr ...