We study labor-market returns to vocational versus general secondary education using a regression discontinuity design created by the centralized admissions process in Finland. Admission to the vocational track increases annual income by 7 percent at age 31, and the benefits show no signs of...

In response to the wide-ranging consequences of falling fertility rates, governments across high-income countries are considering how to increase rates of family formation. Despite significant scientific interest, there remains limited empirical evidence on how education shapes family choices...