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VocED Qualifications do little to value add to graduates' Income

Posted on 30 November 2018
VocED Qualifications do little to value add to graduates' Income
Students graduating with a vocational qualification earn only marginally more on average than their peers who completed Year 12, and the small differential sticks with them throughout their working lives. For women in some jobs, a vocational education qualification left them worse off than if they had got a job straight out of high school.

According to the Financial Review, the data, which comes from a long-term Household Income and Labour Dynamics Australia survey, has left researchers puzzled given the shortage of skilled labour in Australia.

  • In 2016, males with a vocational qualification earned just 2.1 per cent more than males who went straight into jobs from Year 12.
  • Women vocational graduates earned 1.8 per cent less than women who had gone from Year 12 straight into the workforce.
  • Looking at a whole working life, the small gap between people with VET qualifications and people with Year 12 qualifications does not change over a career.
  • Male VET graduates continue to make barely any more than Year 12 students well into their late 50s.
  • The negative premium for women continues right up to age 60.

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Tags: VocEd

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