This paper summarises the findings from the first year of a three-year research program investigating the role of vocational education and training (VET) for older workers.
The financial benefits of gaining a VET qualification are calculated and assessed in this report. Using data from a representative sample of Australian employees, author Chris Ryan compares the wages and after-tax returns for individuals with different qualifications and with different levels of experience and labour market participation.
The long-term benefits of a VET qualification are compared with the long-term employment outcomes for university graduates and for individuals whose education ceased at Year 12. Also looked at are the long-term effects for VET graduates with disabilities and from non-English speaking backgrounds and what differences exist for males and females over time. Author Chris Ryan uses data from two major surveys to assess the value of various VET qualifications for lifelong learning and longer term employment opportunities.
This report compares the education and training outputs and outcomes of the Australian higher education and VET sectors. It identifies: which courses appear to have the best employment outcomes; the impact of students' prior education and employment backgrounds on outcomes; and specific social groups where outcomes vary between the sectors.