Vocational education in Thailand: a study of choice and returns
ARTICLE
Thammarak Moenjak, Christopher Worswick
Economics of Education Review Volume 22, Number 1 ISSN 0272-7757 Publisher: Elsevier Ltd
Abstract
This study adds new evidence to the debate on the relative benefits of upper secondary vocational education and of general education at the same level. Using a probit model, the study finds that an individual from a well-to-do family is more likely to undertake vocational education. After correcting for possible self-selection, the study also finds vocational education to give higher earnings returns than general education does. These findings call into question the belief that vocational education has been overvalued and that providing general education to the workforce followed by on-the-job training would provide more benefits. Indeed, the study suggests that an investment to improve the access to vocational education might prove more beneficial.
Citation
Moenjak, T. & Worswick, C. Vocational education in Thailand: a study of choice and returns. Economics of Education Review, 22(1), 99-107. Elsevier Ltd. Retrieved September 28, 2023 from https://www.learntechlib.org/p/206330/.
This record was imported from
Economics of Education Review
on March 1, 2019.
Economics of Education Review is a publication of Elsevier.
Keywords
References
View References & Citations Map- Bedi, A., & Gaston, N. (1997). Returns to endogeneous education: the case of Honduras . Applied Economics, 29, pp. 519-528.
- Behrman, J.R., & Wolfe, B.L. (1984). The socioeconomic impact of schooling in a developing country . Review of Economics and Statistics, 66, pp. 296-303.
- Bellew, R., & Moock, P. (1990). Vocational and technical education in Peru . Economics of Education Review, 9(4), pp. 365-375.
- Chiswick, B.R. (1986). Comment on Hauser and Sewell . Journal of Labor Economics, 4(3 (Part 2)), pp. S116-S120.
- Gaston, N., & Sturm, R. (1991). Educational attainment and the returns to education for Australian youth: evidence of self-selection? . Economic Analysis and Policy, 21(1), pp. 29-45.
- Griliches, Z. (1977). Estimating the returns to schooling: some econometric problems . Econometrica, 45, pp. 1-22.
- Heckman, J.J., & Hotz, V.J. (1986). An investigation of the labor market earnings of Panamanian males: evaluating the sources of inequality . Journal of Human Resources, 21, pp. 507-542.
- Hollenbeck, K. (1993). Postsecondary education as triage: returns to academic and technical programs. Economics of Education Review, 213–232.
- Leibowitz, A. (1974). Home investments in children . Journal of Political Economy, 82(2), pp. S111-S131.
- Mincer, J. (1974). Schooling, experience and earnings. New York: National Bureau of Economic Research.
- Office of the National Education Commission (1997a). Education in Thailand 1997. Bangkok, Thailand. Bureau of Educational System Development and Macro Planning.
- Office of the National Education Commission (1997b). The Eighth National Education Development Plan: 1997–2002. Bangkok, Thailand: Office of the Prime Minister.
- Tansel, A. (1994). Wage employment, earnings and returns to schooling for men and women in Turkey . Economics of Education Review, 13, pp. 305-320.
- Trost, R.P., & Lee, L.F. (1984). Technical training and earnings: a polychotomous choice model with selectivity . The Review of Economics and Statistics, 66, pp. 151-156.
These references have been extracted automatically and may have some errors. Signed in users can suggest corrections to these mistakes.
Suggest Corrections to References