Date of Publication

6-23-2022

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Applied Economics major in Industrial Economics

Subject Categories

Economics | Labor Economics

College

School of Economics

Department/Unit

Economics

Honor/Award

Nominated for Outstanding Undergraduate Thesis Award

Thesis Advisor

Maria Fe Carmen L. Dabbay
Lawrence B. Dacuycuy
Gerardo L. Largoza




Defense Panel Chair

Lawrence B. Dacuycuy

Defense Panel Member

Gerardo L. Largoza
Maria Fe Carmen L. Dabbay

Abstract/Summary

This study investigated the labor market differentials existing between Post-Secondary TVET graduates and High School graduates. This was done by investigating the direction and magnitude of a TVET degree’s effect on monthly wage and probability of employment through Naive Bayesian Regression and Propensity Score Matching; moreover, investigation of endogenous attributes to gauge what factors cause the differential, through Blinder-Oaxaca decomposition, was also performed. A sample from the STEP Skills Household Measurement 2015-2016 collected by the World Bank was utilized. The empirical methods unanimously agreed that TVET graduates earn a lower monthly wage than high school graduates; the result on employment likelihood was unanimous for Naive Bayesian Regression and Propensity Score Matching, which is that TVET graduates experience a higher probability of employment compared to high school graduates. However the Blinder-Oaxaca decomposition exhibited a converse result, such that high school graduates enjoy a higher employment probability compared to their TVET counterparts. The findings affirm the notion that a TVET degree does not necessarily result in improved labor market outcomes, and indicate that endogenous and exogenous factors are far more influential in securing improvements in wage and employment probability.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Vocational school graduates—Supply and demand; High school graduates—Supply and demand; Labor market—Philippines

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Embargo Period

6-23-2024

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Available for download on Sunday, June 23, 2024

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