The Financial Evaluation of Work‐Study Alternatives Facing School‐Leavers |
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| Authors: | Donald E Lewis |
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| Institution: | Department of Economics , University of Wollongong |
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| Abstract: | Internship programs, whereby students are employed on a full‐time basis while studying part‐time for a degree, are increasingly popular. This paper discusses an analytical framework which is helpful in evaluating, from the student's perspective, alternative internship programs. The methodology is illustrated by a detailed analysis of two internship programs currently available in N.S.W. Other options such as full‐time study, with and without part‐time employment, are also analysed. Comparison of the internships and other options reveal substantial differences in life‐time earnings, rates of renumeration and implicit trade‐offs between income and leisure. Non‐monetary differences may also be substantial. |
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