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Does It Pay to Graduate from an 'Elite' University in Australia?
Author(s) -
Carroll David,
Heaton Chris,
Tani Massimiliano
Publication year - 2019
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/1475-4932.12492
Subject(s) - elite , graduate students , selection (genetic algorithm) , demographic economics , psychology , medical education , economics , political science , pedagogy , medicine , law , artificial intelligence , politics , computer science
In Australia, the so‐called Group of Eight (Go8) elite research universities have lower student‐to‐staff ratios, better‐qualified staff, superior research outcomes, and generally better placement in university rankings than non‐Go8 universities. In this paper, we use data from the Graduate Destination Survey and data on Australian Tertiary Admission Ranks (ATARs) to investigate the existence of Go8 premia in the Australian graduate labour market, and to determine the extent to which they are due merely to the recruitment of better students. We find statistically significant evidence of small Go8 premia which are largely, but not entirely, due to the selection of above average ATAR students.