Sheepskin effects in the returns to education: accounting for enrolment and completion effects

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Author: Herault, Nicolas; Zakirova, Rezida

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University of Melbourne. Melbourne Institute of Applied Economic and Social Research (MIAESR)


This paper contributes to the literature by separately analysing the signalling (or sheepskin) effects of the enrolment in and the completion of vocational education and training [VET] as well as higher education [HE]. Moreover, we investigate the persistence of these sheepskin effects over time. We take advantage of the Longitudinal Surveys of Australian Youth [LSAY], which contain comprehensive information about completed and uncompleted courses and subsequent labour market outcomes. We find that signalling effects form a substantial part of the total return to education but that they...  [+] Show more

Subjects: Vocational education and training; Higher education; Participation; Outcomes; Statistics; Labour market

Keywords: Completion; Longitudinal data; Outcomes of education and training; Return on education and training

Geographic subjects: Australia; Oceania

Published: Melbourne, Victoria: MIAESR, 2011

Physical description: 20 p.

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ISBN: 9780734042354

ISSN: 1328-4991 (print), 1447-5863 (online)

Resource type: Working paper

Document number: TD/TNC 103.86

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