Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 48-59 |
| Number of pages | 12 |
| Journal | The Economic Society of Australia. Economic Papers |
| Volume | 34 |
| Issue number | 1-2 |
| DOIs | |
| Publication status | Published - Jun 2015 |
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What's happened to the rate of return to business masters? / CORLISS, Michael; LEWIS, Phil; DALY, Anne.
In: The Economic Society of Australia. Economic Papers, Vol. 34, No. 1-2, 06.2015, p. 48-59.Research output: Contribution to journal › Article
TY - JOUR
T1 - What's happened to the rate of return to business masters?
AU - CORLISS, Michael
AU - LEWIS, Phil
AU - DALY, Anne
PY - 2015/6
Y1 - 2015/6
N2 - While business masters degrees are popular with students wishing to enhance their career prospects, there is little evidence available on the pri- vate rate of return to these degrees in Australia. Furthermore, there is little evidence about the effects of the huge growth in graduates in recent decades and changing business conditions on the pro?tability of a business masters degree from an individual’s point of view. This is despite the expectation that there would be signi?cant consequences of the changes in demand and sup- ply to the relative income of higher degree holders. This paper presents esti- mates of the rate of return in Australia associated with the completion of business masters degrees over the period 2001 and 2011. The results show that for the average person, there are incentives to complete these degrees, and the private rate of return compares favourably with the real long term real bond rate. However, the pro?tability of an investment in a business mas- ters has fallen signi?cantly over time.
AB - While business masters degrees are popular with students wishing to enhance their career prospects, there is little evidence available on the pri- vate rate of return to these degrees in Australia. Furthermore, there is little evidence about the effects of the huge growth in graduates in recent decades and changing business conditions on the pro?tability of a business masters degree from an individual’s point of view. This is despite the expectation that there would be signi?cant consequences of the changes in demand and sup- ply to the relative income of higher degree holders. This paper presents esti- mates of the rate of return in Australia associated with the completion of business masters degrees over the period 2001 and 2011. The results show that for the average person, there are incentives to complete these degrees, and the private rate of return compares favourably with the real long term real bond rate. However, the pro?tability of an investment in a business mas- ters has fallen signi?cantly over time.
KW - returns to education
KW - migrants
KW - overeducation
UR - http://www.mendeley.com/research/whats-happened-rate-return-business-masters
U2 - 10.1111/1759-3441.12100
DO - 10.1111/1759-3441.12100
M3 - Article
VL - 34
SP - 48
EP - 59
JO - The Economic Society of Australia. Economic Papers
JF - The Economic Society of Australia. Economic Papers
SN - 0812-0439
IS - 1-2
ER -