strategies to higher education. The starting hypothesis of this study is that students consider the expected utility of their …-priced education. The results of this paper confirm that both expected wages and admission probabilities determine students …

dramatic augmentation of working population with vocational education relative to general education. This is consistent with … the recent literature, which argues that the ratio of vocational-to-general education tends to be higher in middle …-income countries. We explore an analytical approach to open up fresh insights into the composition of secondary education and prove the …