Valadkhani, Abbas and Worthington, A. C. and Layton, Allan P. (2005) A note on the rising cost of education in Australia. Economic Papers: a Journal of Applied Economics and Policy, 24 (2). pp. 97-106. ISSN 0812-0439
|HTML Citation||EndNote||MODS||Dublin Core||Reference Manager|
Full text not available from this archive.
Human capital, or a better educated labour force, is a major determinant of economic growth and productivity. However, recent trends in the cost of education in Australia may cause growth and productivity to suffer. For example, during the period 1982-2003 inflation rose on average by 4.4 per cent per annum, whereas the cost of education grew overall on average by 7.8 per cent. This has made education a relatively expensive item among Australian households. This paper compares and contrasts the cost of education in Australia and comparable economies with the cost of other goods and services embedded in the CPI (Consumer Price Index) basket using the latest available quarterly data. Finally, the major determinants of the rising cost of education in Australia are examined. It is found, inter alia, that over the period 1986-2003 the increasing number of students enrolled at non-governmental primary and secondary schools and the introduction of the Higher Education Contribution Scheme (HECS) were two important determinants of the rising cost of education.
|Item Type:||Article (Commonwealth Reporting Category C)|
|Additional Information:||Permanent restricted access to published version due to publisher copyright policy.|
|Uncontrolled Keywords:||cost of education; inflation; Australia|
|Fields of Research (FOR2008):||16 Studies in Human Society > 1605 Policy and Administration > 160506 Education Policy|
14 Economics > 1402 Applied Economics > 140211 Labour Economics
14 Economics > 1402 Applied Economics > 140204 Economics of Education
|Socio-Economic Objective (SEO2008):||B Ecomonic Development > 91 Economic Framework > 9102 Microeconomics > 910202 Human Capital Issues|
|Deposited On:||01 Dec 2007 02:01|
|Last Modified:||24 Oct 2011 12:45|
Archive Staff Only: edit this record