Does it Pay to Graduate from an 'Elite' University in Australia?

15 Pages Posted: 17 May 2020

See all articles by David Carroll

David Carroll

Monash University

Chris Heaton

Macquarie University, Macquarie Business School

Massimiliano Tani

University of New South Wales - Australian Defence Force Academy; IZA Institute of Labor Economics

Date Written: September 2019

Abstract

In Australia, the so‐called Group of Eight (Go8) elite research universities have lower student‐to‐staff ratios, better‐qualified staff, superior research outcomes, and generally better placement in university rankings than non‐Go8 universities. In this paper, we use data from the Graduate Destination Survey and data on Australian Tertiary Admission Ranks (ATARs) to investigate the existence of Go8 premia in the Australian graduate labour market, and to determine the extent to which they are due merely to the recruitment of better students. We find statistically significant evidence of small Go8 premia which are largely, but not entirely, due to the selection of above average ATAR students.

Suggested Citation

Carroll, David and Heaton, Chris and Tani, Massimiliano, Does it Pay to Graduate from an 'Elite' University in Australia? (September 2019). Economic Record, Vol. 95, Issue 310, pp. 343-357, 2019, Available at SSRN: https://ssrn.com/abstract=3597591 or http://dx.doi.org/10.1111/1475-4932.12492

David Carroll

Monash University ( email )

23 Innovation Walk
Wellington Road
Clayton, Victoria 3800
Australia

Chris Heaton (Contact Author)

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Massimiliano Tani

University of New South Wales - Australian Defence Force Academy ( email )

Sydney, NSW 2052
Australia
+612 6268 8512 (Phone)
+612 6248 8450 (Fax)

HOME PAGE: http://www.unsw.adfa.edu.au/sbus/staff_cvs/about_max_t.html

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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