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Education and the Structure of Earnings in Australia

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  • Borland, J.

Abstract

This study examines the evolution of earnings of workers with different levels of educational attainment in Australia from 1968-69 to 1989-90. Descriptive information on average earnings of workers by level of educational attainment is presented, and an assessment of the role of shifts in labor supply and labor demand in explaining changes in earnings differentials between workers by level of educational attainment is undertaken. Copyright 1996 by The Economic Society of Australia.
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Suggested Citation

  • Borland, J., 1995. "Education and the Structure of Earnings in Australia," Department of Economics - Working Papers Series 494, The University of Melbourne.
  • Handle: RePEc:mlb:wpaper:494
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    References listed on IDEAS

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    1. David de Meza & David C. Webb, 1987. "Too Much Investment: A Problem of Asymmetric Information," The Quarterly Journal of Economics, Oxford University Press, vol. 102(2), pages 281-292.
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    3. Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1989. "Assessing Dynamic Efficiency: Theory and Evidence," Review of Economic Studies, Oxford University Press, pages 1-19.
    4. McHugh, Richard & Lane, Julia, 1983. "The Embodiment Hypothesis: An Interregional Test," The Review of Economics and Statistics, MIT Press, vol. 65(2), pages 323-327, May.
    5. Robert S. Chirinko, 1992. "Business Fixed Investment Spending: A Critical survey of Modeling Strategies, Empirical Results, and Policy Implications," Working Papers 9213, Harris School of Public Policy Studies, University of Chicago.
    6. Guest, Ross S & McDonald, Ian M, 2001. "Ageing, Optimal National Saving and Future Living Standards in Australia," The Economic Record, The Economic Society of Australia, vol. 77(237), pages 117-134, June.
    7. Williamson, Stephen D., 1986. "Costly monitoring, financial intermediation, and equilibrium credit rationing," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 159-179, September.
    8. McKibbin, Warwick J & Siegloff, Eric S, 1988. "A Note on Aggregate Investment in Australia," The Economic Record, The Economic Society of Australia, vol. 64(186), pages 209-215, September.
    9. Guiseppe Bertola & Ricardo J. Caballero, 1994. "Irreversibility and Aggregate Investment," Review of Economic Studies, Oxford University Press, vol. 61(2), pages 223-246.
    10. Dadkhah, Kamran M & Zahedi, Fatemeh, 1986. "Simultaneous Estimation of Production Functions and Capital Stocks for Developing Countries," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 443-451, August.
    11. Dixon, Peter B & McDonald, Daina, 1992. "A Decomposition of Changes in Labour Productivity in Australia: 1970-71 to 1989-90," The Economic Record, The Economic Society of Australia, vol. 68(201), pages 105-117, June.
    12. Hayashi, Fumio, 1982. "Tobin's Marginal q and Average q: A Neoclassical Interpretation," Econometrica, Econometric Society, vol. 50(1), pages 213-224, January.
    13. Robert E. Lucas & Jr., 1967. "Adjustment Costs and the Theory of Supply," Journal of Political Economy, University of Chicago Press, vol. 75, pages 321-321.
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    Citations

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    Cited by:

    1. 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.
    2. Michael Coelli & Roger Wilkins, 2009. "Credential Changes and Education Earnings Premia in Australia," The Economic Record, The Economic Society of Australia, pages 239-259.
    3. A. Preston, 1996. "Where Are We Now With Human Capital Theory in Australia?," Economics Discussion / Working Papers 96-18, The University of Western Australia, Department of Economics.
    4. Jeff Borland, 1996. "Earnings Inequality in Australia: Changes and Causes," Canadian International Labour Network Working Papers 05, McMaster University.
    5. Elizabeth Webster, 2002. "Intangible and Intellectual Capital: A Review of the Literature," Melbourne Institute Working Paper Series wp2002n10, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    6. John Freebairn, 1998. "Microeconomics of the Australian Labour Market," RBA Annual Conference Volume,in: Guy Debelle & Jeff Borland (ed.), Unemployment and the Australian Labour Market Reserve Bank of Australia.
    7. Jeff Borland, 2000. "Disaggregated Models of Unemployment in Australia," Melbourne Institute Working Paper Series wp2000n16, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

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    Keywords

    EDUCATION; WAGES;

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