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Abstract

In the United States the education premium - the ratio of the earnings of university graduates to the earnings of high school graduates - has risen sharply in the last 20 years. Some economists and policymakers presume the same fact holds in Canada. Since so much of modern growth theory and micro- and macroeconomic policy turns on the education premium, it is important for social scientists and policymakers to know what has actually happened to the education premium. This paper argues that based on available evidence over the last 20 years the premium has been constant or has fallen in Canada.

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Bibliographic Info

Article provided by University of Toronto Press in its journal Canadian Public Policy.

Volume (Year): 28 (2002)
Issue (Month): 2 (June)
Pages: 203-217

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Handle: RePEc:cpp:issued:v:28:y:2002:i:2:p:203-217

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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
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Web page: http://economics.ca/cpp/

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Find related papers by JEL classification:

• I2 - Health, Education, and Welfare - - Education
• J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

References

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1. David Card & Francis Kramarz & Thomas Lemieux, 1995. "Changes in the Relative Structure of Wages and Employment: A Comparison of the United States, Canada, and France," Working Papers 734, Princeton University, Department of Economics, Industrial Relations Section..
   
   • David Card & Francis Kramarz & Thomas Lemieux, 1999. "Changes in the Relative Structure of Wages and Employment: A Comparison of the United States, Canada, and France," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 843-877, August.
   • David Card & Francis Kramarz & Thomas Lemieux, 1996. "Changes in the Relative Structure of Wages and Employment: A Comparison of the United States, Canada, and France," NBER Working Papers 5487, National Bureau of Economic Research, Inc.
2. A.L Robb & L. Magee & J.B. Burbidge, 2003. "WAGES in CANADA: SCF, SLID, LFS and the Skill Premium," Social and Economic Dimensions of an Aging Population Research Papers 106, McMaster University.
   
   • A.L Robb & L. Magee & J.B. Burbidge, 2003. "WAGES in CANADA: SCF, SLID, LFS and the Skill Premium," Quantitative Studies in Economics and Population Research Reports 386, McMaster University.
3. Burbidge, John B & Magee, Lonnie & Robb, A Leslie, 1997. "Canadian Wage Inequality over the Last Two Decades," Empirical Economics, Springer, vol. 22(2), pages 181-203.

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