Abstract
This paper compares graduates of the formal vocational and technical education (VTE) system in Côte d'Ivoire with those of informal apprenticeships, in terms of access to jobs, earnings, and the internal rate of return to investment in education. The structure of the labor market is explicitly considered in the analysis and the selection process into each segment is modelled. It is found that formal and informal VTE are not substitutes but prepare people for different careers. Within the “optimal” career path, each type of VTE carries similar returns. Promotion of informal VTE could increase society's returns to educational expenditures and contribute to realizing the employment creation potential of the informal sector.
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