[ABSTRAK
Penelitian ini bertujuan untuk menganalisis tingkat pengembalian investasipendidikan menengah antara sekolah menengah umum (SMA) dan sekolahmenengah kejuruan (SMK) dengan melakukan estimasi fungsi penghasilanMincer menggunakan metode two step Heckman. Proses pengolahan data diawalidengan menganalisis probabilitas pilihan bersekolah anak dengan modelMultinomial Logit. Dari data Susenas 2013, ditemukan bahwa probabilitas pilihanbersekolah di tingkat menengah meningkat jika individu mempunyai orang tuadengan pendidikan tinggi dan memiliki pengeluaran rumah tangga yang tinggi.Analisis return pendidikan antara lulusan SMA dan SMK menemukan bahwatingkat pengembalian investasi sekolah menengah kejuruan (SMK) lebih tinggidibandingkan tingkat pengembalian investasi sekolah menengah umum (SMA).

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ABSTRACT
This research aims to analyze rates of returns to secondary education betweenGeneral Secondary Education and Vocational Secondary Education by estimatingMincerian Earnings Function using two step Heckman method. The dataprocessing starts by analyzing the probability of student school choice withMultinomial Logit Models. From the data of Susenas in 2013, found that theprobability of school choice at the secondary level increases if the individual has aparent with high education and high household expenditure. Analysis ofeducational return between General Secondary Education and VocationalSecondary Education graduates finds rates of returns to Vocational SecondaryEducation is higher than General Secondary Education, This research aims to analyze rates of returns to secondary education betweenGeneral Secondary Education and Vocational Secondary Education by estimatingMincerian Earnings Function using two step Heckman method. The dataprocessing starts by analyzing the probability of student school choice withMultinomial Logit Models. From the data of Susenas in 2013, found that theprobability of school choice at the secondary level increases if the individual has aparent with high education and high household expenditure. Analysis ofeducational return between General Secondary Education and VocationalSecondary Education graduates finds rates of returns to Vocational SecondaryEducation is higher than General Secondary Education]