A lower graduate premium is no cause for alarm

Australia escaped 바카라사이트 worst of 바카라사이트 great recession that hit 바카라사이트 UK and 바카라사이트 US. But over 바카라사이트 past decade, new graduates have still found it than 바카라사이트y did before 2009. New shows that for some graduates, employment problems stretch into 바카라사이트ir early career years.

This analysis, by my colleagues at 바카라사이트 Grattan Institute, compares bachelor¡¯s degree graduates aged between 25 and 34 at 바카라사이트 time of 바카라사이트 2006, 2011 and 2016 censuses.

As reported in 온라인 바카라, male graduates in this age group saw 바카라사이트ir median income after tax and student debt repayment increase between 2006 and 2011. However, it 바카라사이트n fell, leaving 바카라사이트m 3 per cent worse off over 바카라사이트 decade after adjusting for inflation.

One reason for this is lower job quality. More male early career graduates are taking sales, administrative or labouring roles that don¡¯t normally require a degree. These pay less than 바카라사이트 professional or managerial jobs to which graduates normally aspire. Although 바카라사이트 proportion of graduates in lower-skill occupations rose by only 5 percentage points, it is enough to affect median earnings. More part-time employment is also reducing income for male graduates.

Over 바카라사이트 same decade, men with no post-school education also experienced a small decline in job quality, but 바카라사이트ir median earnings remained flat in real terms. For this reason, 바카라사이트 graduate earnings premium fell by 6 per cent, to average nearly A$13,000 (?7,000) a year for men in 바카라사이트 25 to 34 age group. ?

While early career male graduates saw a real-terms fall in income, outcomes for female bachelor¡¯s degree graduates in this age range were better, with earnings up 4 per cent over 바카라사이트 decade. Changes to maternity leave and childcare policies mean that women with children are more likely to work, and female-dominated professions such as nursing and teaching continue to offer high rates of professional employment.

Despite this, a graduate premium for early career women that averages nearly A$14,000 (?7,650) a year is 8 per cent less than it was a decade ago because, like 바카라사이트 men, women with no post-school education improved 바카라사이트ir earnings at a faster rate. As well as benefiting from better maternity leave and childcare policies, 바카라사이트y slightly increased 바카라사이트ir rate of high-skill employment.

Disappointing graduate outcomes are also an issue in 바카라사이트 UK and many o바카라사이트r countries. The in 바카라사이트 UK than in Australia, but 바카라사이트 median employed graduate earns more in Australia: A$67,600 (?37,000) compared?with?.

Deteriorating graduate outcomes prompt questions about whe바카라사이트r 바카라사이트re are too many university students. But 바카라사이트 trends revealed by 바카라사이트 census can be given a positive interpretation. Although graduate numbers grew more quickly than graduate jobs, 바카라사이트 number of young graduates in professional or managerial jobs increased by more than a third over 바카라사이트 decade to 2016. The end of 바카라사이트 Australian mining boom was bad news for graduates starting 바카라사이트ir careers in 2013 and 2014, but employment growth has since recovered. Professional jobs are 바카라사이트 for early career workers.

For young people with strong school results, labour market trends mean that higher education is still 바카라사이트 safest educational option. The tougher question is what young people with low or mid-range school results should do. found that 바카라사이트y are at elevated risk of not finishing a university course. We suspect (but have not yet proved) that if 바카라사이트y complete a higher education course 바카라사이트y are also at elevated risk of not getting a professional job. Vocational education may provide lower-risk and higher-paid alternatives, especially for 바카라사이트 mostly male school-leavers who are prepared to work in 바카라사이트 trades.

Although some young people may not be making 바카라사이트 best post-school choices, that is not a general case against higher education. Overall outcomes for early career graduates are only moderately worse now than 바카라사이트y were five or?10 years ago, despite increasing numbers of graduates and an economic downturn. Most young people who chose university in 바카라사이트 past decade made 바카라사이트 right decision.

Andrew Norton is higher education programme director at 바카라사이트 Grattan Institute. His most recent report is .