"This article focuses on the relationship between equality of educational opportunity and equality of income in different institutional contexts. By combining insights from the literature on Varieties of Capitalism and education sociology, the study investigates how the educational system and the political economy jointly affect the social stratification of educational choices and condition income differentials between graduates of vocational and general education programmes. The empirical analysis contributes to the literature by contrasting the two conceptions of equality and applying a richer institutional approach than previous studies within the fields of education sociology and Varieties of Capitalism. The results reveal that tracking hinders equality of educational opportunity but is also related to higher incomes for vocational education graduates in certain contexts. Wage bargaining coordination reinforces the more equal opportunities of weakly tracked contexts and improves the relative income of vocational graduates in these contexts."

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