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Educational attainment in Australia

Author

Listed:
  • Gene Tunny

    (Treasury, Government of Australia)

Abstract

Australians have increased their educational attainment over the past few decades, essentially catching up with their peers in the rest of the OECD. Although older Australians have lower upper secondary attainment, the educational attainment of young Australians is similar to the OECD average. With strong educational attainment among young Australians, the flow of younger well-educated cohorts into the working-age population will gradually improve Australia’s total stock of human capital. While it seems plausible to believe that such increases in measured educational attainment will benefit Australia’s economic performance, it is difficult to find statistical support for such a conclusion from a cross-country comparison of productivity and educational attainment.

Suggested Citation

  • Gene Tunny, 2006. "Educational attainment in Australia," Economic Roundup, The Treasury, Australian Government, issue 2, pages 1-9, May.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2006_2_1
    as

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    File URL: http://archive.treasury.gov.au/documents/1107/PDF/01Educational.pdf
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    References listed on IDEAS

    as
    1. Mikael Lindahl & Alan B. Krueger, 2001. "Education for Growth: Why and for Whom?," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
    2. Steve Dowrick, 2003. "Ideas and Education: Level or Growth Effects?," NBER Working Papers 9709, National Bureau of Economic Research, Inc.
    3. Jyoti Rahman, 2005. "Comparing Australian and United States productivity," Economic Roundup, The Treasury, Australian Government, issue 2, pages 27-45, June.
    4. Jeff Borland, 2002. "New Estimates of the Private Rate of Return to University Education in Australia," Melbourne Institute Working Paper Series wp2002n14, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    5. E. Paul Durrenberger, 2005. "Labour," Chapters,in: A Handbook of Economic Anthropology, chapter 8 Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    human capital; Australia; OECD; Organisation for Economic Co-operation and Development; education; educational attainment; labour productivity;

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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