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Where are the returns to lifelong learning?

Tabasso, Domenico and Coelli, Michael (2019) 'Where are the returns to lifelong learning?' Empirical Economics, 57 (1). 205 - 237. ISSN 0377-7332

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Abstract

Participation in formal education during adulthood (ages 25 to 54) is a key part of lifelong learning. Employing unique longitudinal data for Australia, we highlight the prevalence of such study, the varied reasons for undertaking it (consumption, career development, job and home disruption), and investigate whether it is socially valuable. Our more detailed estimates of the labour market return to adult education (wage rates, employment, hours of work and occupational status) confirm previous studies that generally found such returns to be small and isolated. We contribute to this literature by also estimating the effect of adult education on job satisfaction and satisfaction with employment opportunities. Increases in satisfaction help rationalise the education enrolment decisions of these adults.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
L Education > L Education (General)
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Elements
Date Deposited: 05 Jul 2018 14:30
Last Modified: 14 Jun 2019 13:15
URI: http://repository.essex.ac.uk/id/eprint/21661

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