Keywords: recession, competence-based approach, graduates’ employment, public expenditures on vocational education, public expenditures efficiency
Summary: Public expenditures on vocational education is a highly crucial issue, especially in terms of global economic turbulence. An indicator for public expenditures’ efficiency on all levels of vocational education is graduates’ employment in accordance with their major. The research is based upon National Statistical Reports and annual OECD reports “Education at Glance”. Among research results there are elaborated recommendations for Russian government (the Ministry of Education and Science) on efficient money spending in terms of recession, such as occupational guidance, students adaptation via master-classes, practical training, coaching or obligatory working in accordance with a chosen major for 3-5 years.
Svetlana Sigova (Doctor of Economics, Chief Researcher)
Maria Pitukhina (Ph.D. in Political Science, Senior Researcher)
Budget monitoring center, Petrozavodsk State University
PECOB: Portal on Central Eastern and Balkan Europe - University of Bologna - 1, S. Giovanni Bosco - Faenza - Italy