%0 Report %A McGuinness, Seamus %A Kelly, Lorcan %A Devlin, Anne %A Whelan, Adele %T Vocational Education, Earnings and Job Satisfaction in Europe %D 2025 %8 2025 Sep %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 18134 %U https://www.iza.org/publications/dp18134 %X This paper examines the earnings and job satisfaction of Vocational Education and Training (VET) graduates in the European Union (EU) using two definitions of vocational education: a self-reported definition and a more specific definition that incorporates work-based learning. The incidence of third-level VET falls from 74% to 29% under the stricter definition. Across the EU, the returns to vocational and academic qualifications are comparable for upper secondary, post-secondary and tertiary qualifications. Earnings premia vary between countries, with VET generating higher returns in just under one-third of all EU-28 members. Additionally, third level VET graduates enjoy higher levels of job satisfaction. %K work-based learning %K european countries %K job satisfaction %K earnings %K vocational education %K on-the-job training