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Income outcomes - Yearly

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 have the lowest median income. On the other hand apprentices from construction, infrastructure and engineering ITOs have the annual income until graduates gain a few years of experience in the workforce.

When looking at more recent populations we observe a growth in income of apprentices, while university graduates are traveling down much the same trajectory. While university graduates from the 2003 population have matched apprentices at age 26 in the 2009 population apprentices were still earning $6,000 more than university graduates at the furthest age we can see, 28.

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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.

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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