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Variation in the labour market rewards to vocational qualifications in the UK

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  • Steven McIntosh
  • Damon Morris

Abstract

We use UK Labour Force Survey data to estimate wage differentials associated with the attainment of vocational qualifications, relative to comparison groups qualified to at best one level below. Our main aim is to show the variation in the size of such differentials, according to the unobserved characteristics of the individual, via quantile regression and also according to the characteristics of the qualifications themselves, in terms of the level, type and subject area. With respect to subject area, the key reason for variation in differentials across subjects is the differences in occupations to which qualifications lead.

Suggested Citation

  • Steven McIntosh & Damon Morris, 2021. "Variation in the labour market rewards to vocational qualifications in the UK," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(5), pages 535-552, November.
    • Handle: RePEc:bla:scotjp:v:68:y:2021:i:5:p:535-552
    DOI: 10.1111/sjpe.12299
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    References listed on IDEAS

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    1. Steven Mcintosh, 2006. "Further Analysis of the Returns to Academic and Vocational Qualifications," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(2), pages 225-251, April.
    2. Colm Harmon; & Ian Walker, 1995. "Estimates of Economic Return to Schooling in the UK," Economics Department Working Paper Series n540195, Department of Economics, National University of Ireland - Maynooth.
    3. Dearden, Lorraine, et al, 2002. "The Returns to Academic and Vocational Qualifications in Britain," Bulletin of Economic Research, Wiley Blackwell, vol. 54(3), pages 249-274, July.
    4. Charley Greenwood & Andrew Jenkins & Anna Vignoles, 2007. "The Returns to Qualifications in England: Updating the Evidence Base on Level 2 and Level 3 Vocational Qualifications," CEE Discussion Papers 0089, Centre for the Economics of Education, LSE.
    5. Colm Harmon & Hessel Oosterbeek, 2000. "The Returns to Education: A Review of Evidence, Issues and Deficiencies in the Literature," CEE Discussion Papers 0005, Centre for the Economics of Education, LSE.
    6. Harmon, Colm & Walker, Ian, 1995. "Estimates of the Economic Return to Schooling for the United Kingdom," American Economic Review, American Economic Association, vol. 85(5), pages 1278-1286, December.
    7. Lorraine Dearden & Leslie McGranahan & Barbara Sianesi, 2004. "An In-Depth Analysis of the Returns to National Vocational Qualifications Obtained at level 2," CEE Discussion Papers 0046, Centre for the Economics of Education, LSE.
    8. Harmon, Harmon & Ian Walker, 1995. "Estimates of the economic return to schooling for the UK," IFS Working Papers W95/12, Institute for Fiscal Studies.
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    Cited by:

    1. Alan Manning & Sandra McNally & Guglielmo Ventura, 2024. "Immigration and vocational training: Evidence from England," CVER Research Papers 040, Centre for Vocational Education Research.
    2. Dai, Li & Martins, Pedro S., 2024. "Does vocational education pay off in China? Evidence from city-level education supply shocks," Economic Modelling, Elsevier, vol. 140(C).
    3. Oliver Anderson, 2022. "Walking the line: Does crossing a high stakes exam threshold matter for labour market outcomes?," CEPEO Working Paper Series 22-05, UCL Centre for Education Policy and Equalising Opportunities, revised Jul 2024.
    4. Dai, Li & Martins, Pedro S., 2024. "The Wage Effects of Polytechnic Degrees: Evidence from the 1999 China Higher Education Expansion," GLO Discussion Paper Series 1399, Global Labor Organization (GLO).
    5. Oliver Anderson, 2023. "Walking the line: Does crossing a high-stakes exam threshold matter for labor market outcomes?," French Stata Users' Group Meetings 2023 01, Stata Users Group.

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