Vocational education and training (VET) is much more important to young people than might be immediately apparent. This paper focuses on how young people participate in vocational education and training, what they study and their outcomes. Of particular note is the importance of VET for those young people who do not proceed on the conventional academic path of 12 years of school followed by university.
Using wage data from the Student Outcomes Survey, this study examines whether there is a pay off to actually completing a vocational education and training (VET) qualification, noting that many VET students do not complete full qualifications.
This paper models completions for traditional apprenticeships on the basis of commencements from 1995 to 2005. These models are used to understand the dynamics of the relationship between commencements and completions in order to predict the number of future completions. On the basis of the models, it is expected that completions will increase in the future. The models allow the paper to comment on the variation in completion rates across states/territories and changes in them over time.