This report provides estimates of the effects of completing a vocational education and training (VET) qualification on employment and earnings outcomes. Major findings include: that for Year 12 completers, there are no benefits from obtaining basic/skilled vocational (pre-AQF) or certificate I-IV (post-AQF) qualifications. However, there are positive employment and earnings outcomes associated with advanced diploma/diploma qualifications; for persons who did not complete Year 12, there are benefits to be obtained from obtaining any kind of VET qualification, including the lower-level certificate I-II qualifications; for persons who did not complete Year 12, the fields of education that provide the largest effects on earnings and employment outcomes appear to be business, engineering, architecture, building, and automotive; for mature-age students contemplating whether or not to undertake education to obtain a VET qualification, it appears that it is only worthwhile to do so if individuals have fewer than 12 years of schooling, and are intending to enrol in VET courses at the certificate III level or higher. [Executive summary, ed]
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