How Brazilian Vocational Education Reduces Poverty — Even If No One Wants to Hire the Trainees
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One of the most important public policies for the reduction of unemployment is the promotion of job training and vocational education. Of all the O’Connorian state interventions, Vocational training is one of the most appealing. Education is clearly correlated with favorable labor market outcomes; workers with more education are consistently more likely to be employed and more likely to enjoy higher incomes. (Becker 1964, Blau and Duncan 1967)
KeywordsLabor Market Social Capital Vocational Education Reservation Wage Training Rate
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