Does investment in human capital via the completion of a certificate level post-school qualification pay off for early school leavers?

Jenny CHESTERS

    Research output: A Conference proceeding or a Chapter in BookConference contribution

    Abstract

    Employment options for young school leavers have diminished as service sector jobs replaced manufacturing sector jobs and opportunities for low-skilled employment became concentrated in the retail and hospitality sectors. Young people with low levels of education are less likely to be employed and if employed, are less likely to be working full-time. Currently, the unemployment rate of those aged between 15 and 19 years is around 17% and of those who are employed, just 29% are employed on a full-time basis. Drawing on Human Capital Theory, this paper examines the association between educational qualifications and employment status, occupational prestige and earnings for young people using the first 10 waves of the Household Income and Labour Dynamics in Australia (HILDA) data. The results show that payoffs to investment in human capital differ according to gender with completing Year 12 providing the best returns, in terms of full-time employment, for females and completing certificate level qualifications providing the best returns, in terms of full-time employment, for males.
    Original languageEnglish
    Title of host publicationReflections, Intersections and Aspirations: 50 years of Australian sociology : TASA 2013 Conference : proceedings
    EditorsNick Osbaldiston, Catherine Strong, Helen Forbes-Mewett
    Place of PublicationMelbourne
    PublisherTAZA
    Pages1-15
    Number of pages15
    ISBN (Print)9780646911267
    Publication statusPublished - 2013
    EventTASA 2013: Reflections, Intersections and Aspirations - 50 years of Australian Sociology - Monash University, Melbourne, Australia
    Duration: 25 Nov 201328 Nov 2013

    Conference

    ConferenceTASA 2013: Reflections, Intersections and Aspirations - 50 years of Australian Sociology
    CountryAustralia
    CityMelbourne
    Period25/11/1328/11/13

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    CHESTERS, J. (2013). Does investment in human capital via the completion of a certificate level post-school qualification pay off for early school leavers? In N. Osbaldiston, C. Strong, & H. Forbes-Mewett (Eds.), Reflections, Intersections and Aspirations: 50 years of Australian sociology : TASA 2013 Conference : proceedings (pp. 1-15). Melbourne: TAZA.