2017 Volume 12 Pages 17-29
This desk work study is based on data of some relevant survey, related reports and articles. To study benefit, the paper compares employment of major occupation and level of education and unemployment rate on level of education. It finds evidence of better job position by level of education whilst unemployment rate increases gradually from No-Education level to HSC level; Drops down at the graduation level and then gradually increase at the Masters level. Again, to study wage differentials, the paper compares wage contribution by different level of education attainment. It finds evidence of highest wage rate found in the level Class I-V whereas Technical and vocational level have the lowest wage rate. More interestingly is found that higher education level has lower wage rate than lower education level. Lastly, for both benefits and wage differentials, level of education attainment has less significance among themselves.