Text
Analisis preferensi dan tingkat pengembalian investasi pendidikan antara Sekolah Menengah Atas Kejuruan dan Sekolah Menengah Atas Umum berdasarkan data susenas 2007
The aim of this study is to analyze the rate of return to educational investment between Vocational Upper Secondary Education and General Upper Secondary Education based on Susenas 2007 data. In general, the sample used in the analysis consists of those individuals who were the sons or daughters of the household heads; who were not attending school and were between 15 and 60 years of age at the time of the survey; who reported having upper secondary general education, upper secondary vocational education, or lower than upper secondary education as the highest level of education; and whose relevant information on their parental and household characteristics is not missing. The analysis of relative return to education between vocational and general secondary education is estimated by Mincerian Earnings Function. But before estimating the Mincerian earnings function, the analysis is begun with estimating the probability of child?s school choice using Multinomial Logit model, and the second step is to estimate the probability of child?s working participation using Probit regression model and two step Heckman method. The aim of the first estimation is to account for the effect of parental and household background on child?s school choice which then will also affect child?s earnings in the labor force, and the second estimation aims to correct for bias in earnings function as a result from sample selection since earning data available only for those who are working for money. The empirical study demonstrates that, for boys, the rate of return to education is higher by about 1.3 percentage point for those who graduate from general secondary education compared to those who graduate from vocational secondary education; as for girls, however, the rate of return to education is found to be higher by about 5.1 percentage point for those who graduate from vocational secondary education compared to those who graduate from general secondary education. These findings suggest that vocational secondary education would be a better choice for girls who planned to work right after they graduate from high school. For boys, in contrast, having vocational secondary education as their terminal education seems not enough to increase their capabilites compared to their counterparts who choose general secondary education as their terminal education. In addition, the rate of return from work experience will increase the return from general and vocational secondary education. At the average of 8.19 years of experience for boys, the rate of return to education for boys will increase to 16.8% for general secondary education and increase to 15.5% for vocational secondary education. As for girls, at the average of 7.13 years of experience, the rate of return to education for girls will increase to 25.6% for general secondary education and increase to 30.07% for vocational secondary education. Moreover this study also reveals that one?s earnings will be affected by their job sector, employment status, and place of residence. However, place of residence is found to be not significant in boy?s result. Therefore, the study suggests that policies to promote and increase the quality of vocational upper secondary education should be increase since vocational secondary education, at least for girls, has been prooved to be more beneficial for those who want to work right after they graduate from high school (terminate at high school). From school choice analysis, it is found that child?s probability to undertake upper secondary high school will increase as the parents? years of schooling increase, the household?s income increase, and if father (as the household head) work in nonagricultural sector. While working mothers and the increase in the number of children in the household will reduce the probability of a child to undertake upper secondary high school. In addition, the working participation analysis reveals that the probability for boys to work with money is predicted to increase if they are married, have children under 5 years of age in the household, have no wealth, and healthy. Whereas the probability for girls to work with money is predicted to increase if they are not married, have no children under 5 years of age in the household, have no wealth, and healthy.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 6685 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok Departemen Ilmu Ekonomi, Fakultas Ekonomi Universitas Indonesia., 2009 |
|---|---|
| Edisi | - |
| Subjek | Return on investment School choice High school education Working participation Multinominal logit |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xviii, 197 p. : diagr., il. ; 30 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |