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Private Returns to Tertiary Education - How Does New Zealand Compare to the OECD?to the OECD?

Appendix B - Results from adjusting the OECD measure of private returns

All Figures are in US Dollars.

Table 2 - Contribution of earnings distribution to New Zealand's lower returns - NPV
NPV Adjusted value Original value
for New Zealand		 OECD average % variance
accounted for
Males $212,858 $74,457 $175,067 138%
Females $148,162 $43,560 $110,007 157%
Table 2 - Contribution of earnings distribution to New Zealand's lower returns - IRR
IRR Adjusted value Original value
for New Zealand		 OECD average % point increase
Males 16.50% 8.95% 12.44% 7.6
Females 15.13% 7.31% 11.55% 7.8

Source: Authors decompositions, using OECD data

Table 3 - Contribution of share of degree to New Zealand's lower returns - NPV
NPV Adjusted value Original value
for New Zealand		 OECD average % variance
accounted for
Males $88,175 $74,457 $175,067 14%
Females $69,905 $43,560 $110,007 40%
Table 3 - Contribution of share of degree to New Zealand's lower returns - IRR
IRR Adjusted value Original value
for New Zealand		 OECD average % point increase
Males 9.54% 8.95% 12.44% 0.6
Females 9.23% 7.31% 11.55% 1.9

Source: Authors decompositions, using OECD data

Table 4 - Effect of excluding new migrants - NPV
NPV Adjusted value Original value
for New Zealand		 OECD average % variance
accounted for
Males $84,733 $74,457 $175,067 10%
Females $52,977 $43,560 $110,007 14%
Table 4 - Effect of excluding new migrants - IRR
IRR Adjusted value Original value
for New Zealand		 OECD average % point increase
Males 9.60% 8.95% 12.44% 0.7
Females 8.14% 7.31% 11.55% 0.8

Source: Authors decompositions, using OECD data

Table 5 - Contribution of student loans to New Zealand's loans returns - NPV
NPV Adjusted value Original value
for New Zealand		 OECD average % variance
accounted for
Males $77,977 $74,457 $175,067 3.5%
Females $47,951 $43,560 $110,007 7%
Table 5 - Contribution of student loans to New Zealand's loans returns - IRR
IRR Adjusted value Original value
for New Zealand		 OECD average % point increase
Males 9.88% 8.95% 12.44% 0.9
Females 8.33% 7.31% 11.55% 1.0

Source: Authors decompositions, using OECD data

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