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- W1566751192 abstract "Should education become more vocational or more general? We address this question in two steps. We …rst build and solve a two-sector matching model with generalists and specialists. Generalists pursue jobs in both sectors; however, they come second in job queues. Specialists seek for jobs in a single sector; they come …rst in job queues. Self-selection in education type vehicles three main externalities: specialists boost job creation in each sector; generalists improve the e¢ ciency of the matching technology; generalists exacerbate …rms'coordination problems. We then calibrate the model on the labor market for upper-secondary graduates in OECD countries. In each country, we match the proportion of specialists and unemploy- ment rates by type of education in 2000. Self-selection is always ine¢ cient: taxing vocational education to reduce the proportion of specialists down to the e¢ cient level could reduce unemployment rates (for upper-secondary graduates) by 1.1 to 1.8 percentage points." @default.
- W1566751192 created "2016-06-24" @default.
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- W1566751192 date "2011-03-27" @default.
- W1566751192 modified "2023-09-23" @default.
- W1566751192 title "Should vocational education be taxed? Lessons from a matching model with generalists and specialists" @default.
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