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Returns to education: accounting for enrolment and completion effects

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  • Nicolas H�rault
  • Rezida Zakirova

Abstract

This paper contributes to the literature by separately analysing the course enrolment and completion effects of vocational education and training (VET) as well as higher education. Moreover, we investigate the persistence of these wage effects over time while controlling for two potential selection biases. We take advantage of the Longitudinal Surveys of Australian Youth, which contains comprehensive information about completed and uncompleted courses and subsequent labour market outcomes. We find evidence of positive enrolment and completion effects for VET and university courses with important differences by type of course.

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  • Nicolas H�rault & Rezida Zakirova, 2015. "Returns to education: accounting for enrolment and completion effects," Education Economics, Taylor & Francis Journals, vol. 23(1), pages 84-100, February.
    • Handle: RePEc:taf:edecon:v:23:y:2015:i:1:p:84-100
    DOI: 10.1080/09645292.2013.805184
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    2. Stratton Leslie S. & Datta Gupta Nabanita & Reimer David & Holm Anders, 2018. "Modeling Completion of Vocational Education: The Role of Cognitive and Noncognitive Skills by Program Type," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 18(4), pages 1-17, October.
    3. Gary N. Marks, 2018. "Do the labour market returns to university degrees differ between high and low achieving youth? Evidence from Australia," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 52(1), pages 1-14, December.
    4. Ghulam Mustafa, 2023. "Is the Decision to Obtain Higher Education in Pakistan Worth Repaying? New Evidence from Returns on Education for Paid-Employees," PIDE-Working Papers 2023:6, Pakistan Institute of Development Economics.

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