Degree inflation: undermining the value of higher education


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Author: Schwartz, Steven


The last 20 years have seen explosive growth in universities. At the same time, vocational education and training (VET) faced a tsunami of financial challenges. As a result, VET is now stigmatised as a second-class education option, and employers demand university credentials for jobs that formerly did not require them. This credential inflation severely disadvantages those with the ability and experience to perform a job but, for one reason or another, were unable to study at a university. Instead of increasing social mobility, the vast growth in degrees has had precisely the opposite...  [+] Show more

Subjects: Higher education; Qualifications; Economics; Outcomes; Policy; Vocational education and training

Keywords: Outcomes of education and training; Relevance of education and training; Graduates; Economic impact; Employment outcomes; University; Fees; Financial aid; Job requirements; Policy implications; Education and training reform; Regulation

Geographic subjects: Australia; Oceania

Published: Sydney, New South Wales: Centre for Independent Studies, 2023

Physical description: 19 p.

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Series: CIS analysis paper; no. 48, May 2023

ISBN: 9781922674401

ISSN: 2209-3745 (print), 2209-3753 (online)

Resource type: Report, paper or authored book

Document number: TD/TNC 152.563

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