Estimating the returns to intermediate and low level vocational qualifications

Practice area: Economics of Education | Education and Labour Markets | Further education | Labour market economics
Client: N/A
Published: September, 2011
Keywords: modelling quantitative analysis

London Economics were commissioned by the Department for Business Innovation and Skills to undertake an econometric analysis of the earnings and employment returns to intermediate and low level vocational qualifications. The analysis involved the analysis of information from the Labour Force Survey between 1996 and 2009.

The focus of the analysis was on the assessment of the earnings premiums associated with different levels and types of vocational qualification disaggregated by gender and qualification type and various other personal and socioeconomic characteristics. The analysis also considered the lifetime and Exchequer benefits from the acquisition of these qualifications, as well as the individual and Exchequer rates of return associated with these different qualifications.