Returns to education: accounting for enrolment and completion effects
Nicolas Herault, Rezida Zakirova
Education Economics | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | Published : 2015
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.
This paper is based on research funded by the Australian Government Department of Education, Employment and Workplace Relations and managed by the National Centre for Vocational Education Research through the National VET Research and Evaluation Program. The findings and views reported in this paper, however, are those of the author and should not be attributed to the Australian Government, State or Territory governments, NCVER or the Melbourne Institute. Additional funding to support this research was provided by the Faculty of Business and Economics, University of Melbourne. We are grateful to two anonymous referees for helpful comments on an earlier version of this paper.