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The Private and Total Returns to Education in Canada, 1985


  • Francois Vaillancourt


The purpose of this paper is to present private and public rates of return to schooling in Canada by level and, for bachelor's degrees, by field of study. The paper is divided into three parts. In the first part, the analytical framework used is discussed and results of previous studies are reviewed. In the second part, the data and methodology are described. In the third part, results are presented and analyzed. The results show the importance of completing a minimum level of schooling (high school), a decrease in rates of return to schooling with an increase in the level of schooling, differences between men and women, and differences among fields of study.

Suggested Citation

  • Francois Vaillancourt, 1995. "The Private and Total Returns to Education in Canada, 1985," Canadian Journal of Economics, Canadian Economics Association, vol. 28(3), pages 532-554, August.
  • Handle: RePEc:cje:issued:v:28:y:1995:i:3:p:532-54

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    References listed on IDEAS

    1. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    2. Jonathan Eaton & Mark Gersovitz, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," Review of Economic Studies, Oxford University Press, vol. 48(2), pages 289-309.
    3. Frenkel, Jacob A & Razin, Assaf, 1986. "Fiscal Policies in the World Economy," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 564-594, June.
    4. R. Dornbusch, 1984. "External Debt, Budget Deficits and Disequilibrium Exchange Rates," Working papers 347, Massachusetts Institute of Technology (MIT), Department of Economics.
    5. Ronald W. Jones & Douglas D. Purvis, 1981. "International Differences in Response to Common External Shocks: The Role of Purchasing Power Parity," Working Papers 419, Queen's University, Department of Economics.
    6. Alvin E Roth, 2008. "Axiomatic Models of Bargaining," Levine's Working Paper Archive 122247000000002376, David K. Levine.
    7. Ethier, Wilfred J, 1982. "National and International Returns to Scale in the Modern Theory of International Trade," American Economic Review, American Economic Association, vol. 72(3), pages 389-405, June.
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    Cited by:

    1. Gunderson, Morley & Krashinsky, Harry, 2009. "Do Education Decisions Respond to Returns by Field of Study?," CLSSRN working papers clsrn_admin-2009-62, Vancouver School of Economics, revised 28 Nov 2009.
    2. Boudarbat, Brahim, 2004. "Earnings and Community College Field of Study Choice in Canada," IZA Discussion Papers 1156, Institute for the Study of Labor (IZA).
    3. Finnie, Ross, 2002. "Early Labour Market Outcomes of Recent Canadian University Graduates by Discipline: A Longitudinal, Cross-cohort Analysis," Analytical Studies Branch Research Paper Series 2002164e, Statistics Canada, Analytical Studies Branch.
    4. Ross Finnie & Alex Usher, 2007. "Room at the Top: Strategies for Increasing the Number of Graduate Students in Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 245, February.
    5. Si, Xiaojing & Foley, Maggie & Boylan, Robert & Cebula, Richard, 2011. "The Return to Investment in Human Capital: The Case of the Value of Educational Attainment beyond the High School Diploma in Canada," MPRA Paper 53164, University Library of Munich, Germany.

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