The domestic demand for tertiary education (that is, excluding overseas students) is looked at in this paper. It argues that the concept is problematic because of the dominant role of the government in provision, and discusses the factors that impinge on it: fees, returns to study and demographics. It shows how student demand has been changing and looks at likely trends in coming years.
One of the most striking features of the modern world is its changing demographic profile. In almost any policy arena, the issue of demographic change (or ageing) sits alongside globalisation, climate change and the knowledge revolution as areas which are transforming societies, including the ways in which we organise and go about our work activities. This significant and worldwide phenomenon motivated an international meeting of a number of technical and vocational education and training (TVET) research agencies, hosted by NCVER in October 2006. This publication is the result of this meeting and contains the presented papers and comments by discussants. What emerges from the papers is a picture of a worldwide trend that touches many aspects of TVET and the labour market, but one which needs to take into account the very different economies and societies of the world.
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.