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Income outcomes - Cumulative

For this analysis we take 19 year old New Zealand resident, determine their training pathway at age 19 and whether they complete their study/training by age 25. From these pathways we track persons median income during, and beyond training.

The 5 ITOs separated from other ITOs are BCITO, Competenz, Connexis, Skills Org and MITO.

While studying university graduates accumulate little income, but as they enter the workforce they catch up for lost time, surpassing polytechnic students by age __ however by age 34 are still $98,000 behind construction, infrastructure and engineering apprentices.

From the 2003 population the biggest gap between apprentices and graduates was at age 28 where apprentices had earned $135,000 more than graduates. More than enough for a home deposit. Look are more recent populations, from 2009 this gap had grown to $185,000.

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Methodology

To conduct this analysis we took populations of 19 year old New Zealand residents and gathered all training enrollments at age 19 from Ministry of Education records. From these enrollments we link qualification completions by age 25 and categorize students based on the highest level qualification obtained.

From this population we link through to IRD tax records and calculate median incomes of only those who have active records in a year. Meaning, if a person had moved overseas and had no income in that year they would be excluded from the calculation of the median.

We include income from wages and salaries, business income sources and wages and salaries. Beneficiary income, and rental incomes are excluded.

Income is adjusted relative to the CPI. Income is cumulatively summed as all income earned at and after the age of 19.

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Income outcomes of tertiary pathways

Compare the opportunity cost of different tertiary pathways

Apprentices Income University Polytechnic Income outcomes University graduates IRD Longitudinal Tertiary Time series