The returns to mature-age education in Australia

Using 15 years of Australian panel data and fixed-effect panel regression models, [the authors] examine the prevalence of and labour market returns to different types of educational upgrading between ages 24-63, paying attention to differences by gender, time since attainment and age at attainment. Mature-age qualification upgrading is associated with increases in earnings and occupational status, with substantial heterogeneity across different types of educational transitions and only weak evidence of gender differences. Qualifications obtained at younger ages yield better pay offs, and time since qualification attainment is associated with faster wage progression amongst men. These findings suggest that policies aimed at upskilling the mature-age workforce would be beneficial.

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