Counting the costs of lost opportunity in Australian education

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Author: Lamb, Stephen; Huo, Shuyan


Roughly one-quarter of Australia's 19 year olds do not complete Year 12 or equivalent qualifications and a similar proportion of 24 year olds are not actively engaged in work or education, according to a major recent study [indexed in VOCEDplus at TD/TNC 122.1075]. In this report, the authors calculate the fiscal and social costs associated with both early school leaving and not being actively engaged in work and study in the post-school years. For individuals, missing out on the benefits of education generates costs not only because it affects occupational prospects, wages and job...  [+] Show more

Subjects: Youth; Employment; Participation; Outcomes; Finance; Economics

Keywords: Student attrition; Dropout; Unemployment; Return on education and training; Financial aspects; Cost; Social cost; Economic analysis

Geographic subjects: Australia; Oceania

Published: Melbourne, Victoria: Mitchell Institute, Victoria University, 2017

Physical description: 58 p.

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Series: Mitchell Institute report; no. 02/2017

Related items: TD/TNC 122.1075

This report has been prepared by the Centre for International Research on Education Systems (CIRES), Victoria University for Mitchell Institute.

Resource type: Report

Call number: TD/TNC 128.800

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