Buchbeitrag in National VET Research Report Austria
This contribution focuses on the returns to investment in initial and continuing education and training (IVET and CVET). At the centre of this country report there are the monetary effects of VET, which also includes the effects on the economic efficiency and productivity gains for companies. Most existing research projects and publications look at the individual labour market outcomes of education and training, whereas findings about productivity effects, contributions to economic growth, as well as effects on the entire society are rare.
There are a small number of research projects in Austria that deal either exclusively or mainly with the benefits of IVET and CVET in the sense it is understood here. Many of the available research projects look at the returns to investment in education in general, comprising the broad-spectrum of general education and VET. As the upper secondary level of the Austrian education system has a pronounced focus on VET and vocational specialisations, the estimated rates of return to upper secondary education can mainly be attributed to the dual system (apprenticeship training), as well as to VET schools and VET colleges.
Vogtenhuber, Stefan (2009), The Benefits of VET, in: Luomi-Messerer; Vogtenhuber, Stefan (eds.), National VET Research Report Austria, Vienna, pp. 3-16.