The Labour Market Effects of Vocational Education and Training in Australia |
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| Authors: | Wang‐Sheng Lee Michael B Coelli |
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| Institution: | 1. School of Economics, Finance and Marketing, RMIT University;2. Department of Economics, The University of Melbourne;3. Funding and support for this project was provided by the Australian Government Department of Education, Employment and Workplace Relations through the National VET Research and Evaluation Program managed by the National Centre for Vocational Education Research (NCVER). This work was undertaken while Wang‐Sheng Lee was affiliated with the Melbourne Institute. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views of the Australian federal, state and territory governments, NCVER or the Melbourne Institute. |
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| Abstract: | We provide estimates of the effects of completing a Vocational Education and Training (VET) qualification on individual labour market outcomes, particularly on the probability of employment and on earnings. Estimates are provided for 1997, 2001 and 2005. The estimation methodology is based on matched comparisons of persons at each level of VET qualification among Year 12 completers and non‐completers. We find that among Year 12 completers, there is little benefit from obtaining certificate level qualifications, but there are positive employment and earnings outcomes associated with obtaining diploma level qualifications. Among persons who did not complete Year 12, however, there are benefits from obtaining any kind of VET qualification, including the lower level Certificate I and II qualifications. |
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