Conducting Return on Investment Analyses for Secondary and Postsecondary CTE: A Framework
In recent work, Kevin Hollenbeck has
estimated the rate of return for several workforce development
programs in the State of Washington, including secondary and
postsecondary career and technical education (CTE; Hollenbeck,
2008). The returns are based on estimates of the net impact of
CTE on individuals’ labor market experiences and government
income supports after encountering programs. In particular, these
net impacts were estimated using a non-experimental approach that
relies on administrative data sources. The purpose of this paper
is to discuss the estimation approach and to present estimates
for postsecondary and secondary CTE from a recent study. The next
section of the paper discusses net impact estimation, which is
the basis for the rates of return estimates.
Hollenbeck, K. M. (2011, January). Conducting return on investment analyses for secondary and postsecondary CTE: A framework. Louisville, KY: National Research Center for Career and Technical Education, University of Louisville.