Premium
Credential Changes and Education Earnings Premia in Australia *
Author(s) -
COELLI MICHAEL,
WILKINS ROGER
Publication year - 2009
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/j.1475-4932.2009.00555.x
Subject(s) - credential , earnings , demographic economics , construct (python library) , period (music) , economics , labour economics , finance , political science , physics , computer science , acoustics , law , programming language
Post‐school education earnings premia have remained strikingly stable over the 1981 to 2003–2004 period in Australia. This stability contrasts sharply with the rising college premium observed in the USA. The observed stability in Australia may in part be due to changes in the credentials earned by individuals entering certain professional occupations (especially nursing and teaching) during the period, particularly for women. We construct an estimate of the potential effect of within‐occupation credential changes on estimates of education earnings premia in Australia over time.