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| Autor/in | Dockery, Alfred Michael |
|---|---|
| Institution | Australian Council for Educational Research, Victoria. |
| Titel | Assessing the Value of Additional Years of Schooling for the Non-Academically Inclined. Longitudinal Surveys of Australian Youth. Research Report 38 |
| Quelle | (2005), (53 Seiten)
PDF als Volltext |
| Sprache | englisch |
| Dokumenttyp | gedruckt; online; Monographie |
| ISSN | 1440-3455 |
| ISBN | 0-86431-460-4 |
| Schlagwörter | Salaries; Unemployment; Vocational Education; Human Capital; Foreign Countries; Longitudinal Studies; Educational Benefits; Employment Patterns; Educational Attainment; Academic Ability; Australia |
| Abstract | In this report data from the 1995 Year 9 Cohort of the Longitudinal Surveys of Australian Youth (LSAY) is used along with a variety of empirical approaches to assess the benefits of additional years of schooling for various groups of youth conditional upon their estimated propensity to engage in further schooling. Background material is provided on the school to work transition in Australia (Section 2), previous literature on estimating returns to education (Section 3) and the LSAY survey and cohort sample (Section 4). The impact of the number of years of schooling completed upon wages and the incidence of unemployment over the years of 1997 to 2002 is tested, equating to the (modal) ages of 16 to 21 for the cohort. The empirical estimates are contained in Sections 5 to 7 of the paper. A model of the propensity of young people to complete high school is developed in Section 5. Sections 6 and 7 contain estimates of the impact of years of schooling on earnings and employment status, respectively, utilizing the results from the model of propensity to complete school. The evaluation techniques tested include segmenting the sample according to measures of "academic inclination", instrumental variables and propensity score matching. The concluding section provides a summary of the findings and discusses their implications. Appended are: (1) Logistic Regression-Probability of Completing School/Being in Employment; (2) Instrumental Variables; and (3) Propensity Score Matching. (Contains 17 tables and 1 figure.) (ERIC). |
| Anmerkungen | Australian Council for Educational Research, 19 Prospect Hill Rd., Private Bag 55, Camberwell, Victoria, Australia 3124. Tel: +613 9277 5555; Fax: +613 9277 5500. |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
| Update | 2017/4/10 |
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