Using data from the Household, Income and Labour Dynamics in Australia (HILDA) survey together with OLS and quantile regressions, this paper examines the changing returns to education and the evolving wage structure of young adults (aged 25–34 years) between 2001 and 2019. Estimates show that real wage growth was strong for both males and females over the 2000s, underpinned by wage structure effects. Between 2010/11 and 2018/19 wage growth was flat (zero) for males and subdued for females. Institutional factors are thought to underpin the growth in wages of low-paid females over recent years, while education investments underpin recent wage growth amongst high-paid females. Since 2001/2 the wage premium on a degree qualification has declined for males and females. There has been no change in the adjusted gender wage gap across successive cohorts of 25–34 year olds.

中文翻译：

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澳大利亚年轻人工资结构的演变：2001 年至 2019 年

本文使用澳大利亚家庭、收入和劳动力动态 (HILDA) 调查的数据以及 OLS 和分位数回归，研究了 2001 年至 2019 年期间教育回报的变化以及年轻人（25​​-34 岁）不断变化的工资结构. 估计显示，在工资结构效应的支持下，2000 年代男性和女性的实际工资增长强劲。在 2010/11 至 2018/19 年间，男性的工资增长持平（零），而女性的工资增长放缓。近年来，制度因素被认为是低收入女性工资增长的基础，而教育投资则是高收入女性近期工资增长的基础。自 2001/2 年以来，男性和女性获得学位的工资溢价有所下降。