The Labor Market Effects of Academic and Vocational Education over the Life Cycle: Evidence Based on a British Cohort
利用1958年和1970年英国出生队列数据，研究发现低层次职业教育相比学术教育在短期就业转换更顺畅，但长期实际工资更低，存在权衡效应。
Several commentators have argued that the short-term advantage of vocational versus academic education, which is a smoother school-to-work transition, trades offwithlong-termdisadvantages,which are lower employment and/or lower wages. Using data based on the careers of individuals born in the United Kingdom in 1958, we find evidence of a trade-off, but only for real wages and only for the group with lower vocational education. These results are confirmed when the careers of individuals born in 1970 are examined. The presence of a trade-off does not imply, however, that individuals with vocational education have lower longterm utility.