The latest HILDA Statistical Report has some interesting cohort data on graduate earnings in the early years after graduation.
It shows that later cohorts of graduates are, on average, earning less at the same point in their careers than earlier cohorts. Five years after completing a bachelor degree, people who graduated between 2001 and 2005 earned on average $140 more than people who graduated between 2006 and 2009. In turn, the 2006-2009 graduates earned more five years after completion than 2010-11 graduates, by $75 per week.*
In the HILDA data presented, at least two trends contribute to these results. In all years except the year immediately after graduation, the 2006-2009 and 2010-2011 cohorts are more likely to be studying full-time than the 2001-2005 cohort, which means that their employment income is lower and they will have less work experience five years out.
Second, the younger cohorts are more likely to be working part-time even if they are not studying full-time.
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