IAW Discussion Paper No. 133 released
by Anne Zühlke, Philipp Kugler, Armin Hackenberger and Tobias Brändle
Lifetime labour income is higher for individuals with a university degree, but only late in life. When considering the failure risk of educational degrees and the possibility of educational upgrading, we find that individuals who start with a vocational training after their highest school degree do not earn less than individuals who start with university studies, once we control for covariates such as socio‐demographics and educational background.