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Exploratory analysis of influential factors causing peculiarity of in the outcome of vocational education in India
Oleh:
Ahmed, Tutan
Jenis:
Article from Proceeding
Dalam koleksi:
SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok
,
page 1-5.
Fulltext:
b14-099.pdf
(67.51KB)
Isi artikel
Emerging literature on the performance of Vocational Education and Training (VET) in European countries encompasses a plausible incentive structure for people to join VET. Essentially people join VET to ensure a better prospect of employment over unemployment. At the same time a decent wage which might not be as high as that corresponds to higher general education but is higher than lower level of general education. Thus choice of VET is trade-off between low risk low payoffs vis-à-vis high risk high payoffs. We observe that whereas there is a decent wage associated with Indian VET – a large proportion of formal VET trained manpower remains unemployed. We have tried to explore reasons for this peculiar labour market outcome in India. We have picked up several factors which might be responsible for this poor outcome. We found out that poor quality of students, demand from market are clearly responsible for this poor return. Lower level of VET has significantly lower return than higher level VET. There are also possibilities of Engineers taking up the jobs of the VET trained people.
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