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Abstract

This research aims to estimate returns to secondary education in Indonesia, especially senior and vocational high school, and its development in 2015 and 2018. Data from Indonesia National Labor Force Survey (NFLS) 2015 and 2018 are used here. Returns are estimated using Two-Step Heckman Method. The results are, in 2015, returns to senior high school (9,32%) are higher than vocational high school (8,89%). However, in 2018, returns to vocational high school (9,53%) are higher than senior high school (9,41%). This shift is caused by the increasing number of vocational school graduates absorbed in workforce and increasing income of vocational school workforce.

Bahasa Abstract

Penelitian ini bertujuan untuk mengetahui perkembangan tingkat pengembalian investasi pendidikan menengah di Indonesia, khususnya jenjang SMA dan SMK, serta perkembangannya pada tahun 2015 dan 2018. Data yang digunakan adalah Data Survei Angkatan Kerja Nasional (Sakernas) Indonesia tahun 2015 dan 2018. Estimasi tingkat pengembalian investasi pendidikan dilakukan dengan Metode Two-Step Heckman. Hasilnya, pada tahun 2015, tingkat pengembalian investasi pendidikan SMA (9,32%) lebih tinggi daripada SMK (8,89%). Namun pada tahun 2018, tingkat pengembalian investasi pendidikan SMK (9,53%) lebih tinggi daripada SMA (9,41%). Pergeseran ini disebabkan oleh semakin banyaknya lulusan SMK yang terserap di lapangan kerja serta meningkatnya penghasilan tenaga kerja lulusan SMK.

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