Next Economic Analysis Seminar Series
Next Monday March 24th February 2025 at 12:00 P.M.
El próximo lunes 24 de marzo tendremos un seminario impartido por Marcel Jansen (Universidad Autónoma de Madrid) con el título "Does Dual Vocational Education and Training Pay Off?". El seminario tendrá lugar a las 12:00 en la Sala de Juntas 1 del Edificio 2.
Title: "Does Dual Vocational Education and Training Pay Off?"
Coautores: Samuel Bentolila y Antonio Cabrales
Resumen: This paper analyzes the causal impact of dual vocational education and training (VET) on the labor market insertion of youth. Using matched education and social security records, we estimate the causal impact of a major reform that introduced a new dual track, which combines firm- and school-based training, on the labor market outcomes of the first three dual VET cohorts in the Spanish region of Madrid. The control group is composed of individuals who graduated in the same fields and years in school-based VET. Selection into dual VET is dealt with using a distance-based instrumental variable. Dual VET is found to generate sizeable improvements in employment and earnings, but no significant impact on job quality. The results are not driven by pre-reform differences in the quality of the schools that adopted dual VET and the higher retention rate of dual VET graduates only partly explains the dual premium.