Education and Occupational Attainment of Australian Youth
36 Pages Posted: 28 Nov 2014
Date Written: November 26, 2014
In this paper, the effects of education and personal characteristics on the probability of occupational success were examined using Longitudinal Surveys of Australian Youth (LSAY) 95 cohort data which involved the students who were at year 9 in 1995 and were re-interviewed annually. The education-occupation dynamics may provide us with the means to produce industry based education to meet future occupational needs. We utilized multinomial logit model and ordered probit model with sample selection. Results suggest that higher educational level leads to better occupations. Also there is evidence that early life educational attainment directly relates to occupational success. Family background and in-school working experience proved to be important factors for occupational attainment. These results may help at directly pointing some important policy implications to ensure the fulfillment of certain educational skills in Australia.
Keywords: Occupational Choice, Educational Attainment, Labour Market Outcomes, Australian Youth
JEL Classification: I21, J24, J40, J82
Suggested Citation: Suggested Citation