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Understanding the Education Choices of Public Sector Employees: The Relative Importance of Time and Money

Author

Listed:
  • Sue O’Keefe

    (LaTrobe University)

  • Lin Crase

    (LaTrobe University)

Abstract

Australian workers are constantly reminded of the desirability of upgrading their skills in a rapidly changing work landscape. However, comparatively little is known about the relative importance of the factors impacting on the employees’ decisions to undertake further education. This paper presents the results of an experimental choice analysis of workers’ decisions to undertake formal courses of study. This novel approach affords the opportunity to consider factors beyond the economic domain. Results include the development of a model of employee preferences and estimates of willingness to pay for study programs.

Suggested Citation

  • Sue O’Keefe & Lin Crase, 2005. "Understanding the Education Choices of Public Sector Employees: The Relative Importance of Time and Money," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 8(4), pages 331-350, December.
  • Handle: RePEc:ozl:journl:v:8:y:2005:i:4:p:331-350
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    More about this item

    Keywords

    Education; Time Allocation; Work Behavior; Employment Determination and Creation; Human Capital; Retirement;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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