An Analysis On Cost And Profit Of Human Capital Investment Of Secondary Vocational Education In Families

As an important part of educational system in our country, Secondary Vocational Education provided a large number of trained persons for the development of economy and society. With the announcement of The Determination about Propelling the Reformation of Vocational Education with great exertion by the State Council, Vocational Education got a significant opportunity of development. Vocational Education is still confronted with a lot of problems because of historical and real reasons, though, in which inadequate source and poor quality of students is the most serious one, which has great influence on the quality of running a school and sustainable development of Vocational Education.Families are the main bodies of human capital investment of Secondary Vocational Education, whose demands of investment are subjected to various factors in which educational profit rate is the most important but often ignored factor. Because the profit rate of Secondary Vocational Education is lower than that of Higher Education in economic profit and noneconomic profit, families often choose higher schools instead of secondary vocational schools, which directly lead to inadequate source and poor quality of students in secondary vocational schools.First, this paper analyzed the development status of the source of students of Secondary Vocational Education, the relationship between the source of students and families and the factors that affect educational investment in families based on the theory of family economics. And then it introduced the theory of human capital from Theodore·W·Schultz and theory of human capital investment in family economics. After that, it analyzed the cost and profit of Secondary Vocational Education as well as comparison with high school; At last, it came into a conclusion that the profit rate of Secondary Vocational Education is low. Some useful suggestions were given for the countermeasures to enhance the initiative in human capital investment in families in the end, which also brought up development thought and took a glance into future of Secondary Vocational Education.