This Pod has been archived and is no longer updated. For recent information on VET-related topics, access the current Pod Network or search VOCEDplus. Last updated: December 2018.


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The central aim of the vocational education and training (VET) system is to develop skills for individuals, the community and the economy of a country. This task requires adequate levels of funding and financing which can come from various sources including governments, industry and households. Financial aspects of the VET sector are of ongoing interest to policy makers; these aspects are required for accountability and to inform policy development. Research in this area provides a more complete picture of the sources, impacts and destinations of funding, including effects on public and private training markets. Calculations of the return on investment to education and training are also a central focus; in turn, this research improves understanding of the efficiency and effectiveness of VET and higher education systems.