The contribution of education to economic growth in Australia, 1997-2009

Using data from the Australian Bureau of Statistics (ABS) Survey of Education and Training (SET), the author estimates the impact of increasing education levels on economic growth in Australia between 1997 and 2009. The author finds that increasing education levels are contributing to improved productivity at a rate of 0.14 per cent per annum as well as having had a considerable impact on the hours worked by the Australian workforce.