Document Abstract

The benefits of vocational education and training

Presents the results of research which examined the economic and social benefits of vocational and educational training (VET) in 21 European countries, including Denmark, the Netherlands, Finland, Sweden, Norway and the UK. Provides a conceptual overview of the possible economic and social benefits of VET. Discusses the results of research, outlining the economic benefits in terms of labour market outcomes and enterprise performance, and social benefits concerning relationships between generations, health status, social cohesion, crime reduction and social integration. Finds that the main economic outcomes of VET were higher participation in the labour market, lower unemployment and increased opportunities to advance in a professional hierarchy. Reports that at an enterprise-level, there is evidence of the positive impact of VET on productivity, innovation, employment growth and organisational culture. Suggests that VET can also play an important role in improving the economic conditions of disadvantaged regions. Finds that the main social benefits of VET in the UK were improved intergenerational relations, better general health and a safer environment.

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Publication information

Author:
European Centre for the Development of Vocational Training (Cedefop)
Year:
2011
Pages:
24
Ref No:
B20192
Source:
European Centre for the Development of Vocational Training (CEDEFOP)

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