Discussion about Australia's ageing population has focused on the importance of increasing labour force participation rates of older people. This paper examines the influence of education and training on the participation of older people in the labour market, and the pay-off of undertaking education and training as an older-person compared to earlier in life. On the whole, the results indicate the more qualifications the better, and education, lifelong learning and training are beneficial to maintaining and increasing employment rates. Qualifications acquired later in life have as good, and in some cases, better, pay-off to employment-to-population rates for older age groups, suggesting education is an effective strategy for older people seeking employment. The authors also suggest that increasing education levels will partially offset the impact of ageing on labour force participation.
This paper provides an overview of the factors which influence and drive Australia's technical and vocational education and training (TVET) sector. It details the objectives of Australia's national strategy for TVET from 2004 to 2010, and key initiatives of the sector to meet the changing economic and technological environment: a review of training packages, and a review of the national standards for training providers. It also discusses issues facing the TVET sector, as identified in a paper published by the Business Council of Australia (2004). Further, an overview of the apprenticeship and traineeship system, which has expanded considerably in recent years, is provided. This paper was presented to the International Vocational Education Conference, October 2004, in Tianjin, People's Republic of China.