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The Relationship Between the University Wage Premium and the Urban-Rural Divide in Australia

Author

Listed:
  • Boss, Daniel

    (Monash University)

Abstract

This paper extends research conducted on the wage premia in Australia from acquiring tertiary education qualifications, covering the period 2007-08 to 2019-20. This analysis finds that while there is an increase in wages for those that complete tertiary education, the proportional increase in wages from obtaining university qualification declines marginally over the period. Conversely, the proportional increase in wages from obtaining other tertiary qualifications remains constant, with males consistently earning higher proportional increases than females. When accounting for location, there is no consistent significant effect on wages when comparing capital city and regional populations. However, when the mining industry is also accounted for, there is a significant positive effect to wages from living in a capital city in most years assessed, ranging from 2.5 to 6.7 per cent

Suggested Citation

  • Boss, Daniel, 2023. "The Relationship Between the University Wage Premium and the Urban-Rural Divide in Australia," Warwick-Monash Economics Student Papers 56, Warwick Monash Economics Student Papers.
    • Handle: RePEc:wrk:wrkesp:56
    as

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    File URL: https://warwick.ac.uk/fac/soc/economics/research/wmesp/manage/56_-_daniel_boss.pdf
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    References listed on IDEAS

    as
    1. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    2. Joseph G. Altonji & Ling Zhong, 2021. "The Labor Market Returns to Advanced Degrees," Journal of Labor Economics, University of Chicago Press, vol. 39(2), pages 303-360.
    3. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Wage Premium ; Tertiary Education ; Labour Market JEL classifications: J30 ; J61;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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