Many higher education institutions award credentials below the associate's degree level, yet little is known about the pecuniary returns to sub-baccalaureate awards like diplomas (for the culmination of a program of study lasting one to two years) and certificates (for the successful completion of portions of those programs, often within one or…

This paper provides an overview of some of the issues involved in developing and implementing vocational education effectiveness indicators and systems. The paper first discusses educational effectiveness indicator systems--with the emphasis on "systems" in contrast to individual effectiveness indicators taken alone--and stresses the…