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Relative Wage Patterns Among the Highly Educated in a Knowledge-based Economy

Author

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  • Morissette, Rene
  • Ostrovsky, Yuri
  • Picot, Garnett

Abstract

This study extends previous work on the evolution of the education premium, and investigates the existence of diverging university/high school earnings ratio trends across industries in the knowledge-based economy. The study also discusses the changing demand for high-skilled workers by comparing relative wages of university graduates holding degrees in "applied" fields to those of other university graduates (the "field" premium).

Suggested Citation

  • Morissette, Rene & Ostrovsky, Yuri & Picot, Garnett, 2004. "Relative Wage Patterns Among the Highly Educated in a Knowledge-based Economy," Analytical Studies Branch Research Paper Series 2004232e, Statistics Canada, Analytical Studies Branch.
  • Handle: RePEc:stc:stcp3e:2004232e
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    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0019M2004232&ObjType=46&lang=en&limit=0
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    References listed on IDEAS

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    1. David Card & Thomas Lemieux, 2001. "Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort-Based Analysis," The Quarterly Journal of Economics, Oxford University Press, vol. 116(2), pages 705-746.
    2. Salop, Steven C, 1979. "A Model of the Natural Rate of Unemployment," American Economic Review, American Economic Association, vol. 69(1), pages 117-125, March.
    3. Kevin M. Murphy & W. Craig Riddell & Paul M. Romer, 1998. "Wages, Skills, and Technology in the United States and Canada," NBER Working Papers 6638, National Bureau of Economic Research, Inc.
    4. Richard B. Freeman & Karen Needels, 1993. "Skill Differentials in Canada in an Era of Rising Labor Market Inequality," NBER Chapters,in: Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States, pages 45-68 National Bureau of Economic Research, Inc.
    5. Finnie, Ross & Frenette, Marc, 2003. "Earning differences by major field of study: evidence from three cohorts of recent Canadian graduates," Economics of Education Review, Elsevier, vol. 22(2), pages 179-192, April.
    6. Baldwin, John R. & Gellatly, Guy & Johnson, Joanne & Peters, Valerie, 1999. "The Defining Characteristics of Entrants in Science-based Industries," The Defining Characteristics of Entrants in Science-based Industries, Statistics Canada, Economic Analysis Division, number stcb3e, December.
    7. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
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    Citations

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    Cited by:

    1. Morissette, Rene & Picot, Garnett, 2005. "Low-paid Work and Economically Vulnerable Families over the Last Two Decades," Analytical Studies Branch Research Paper Series 2005248e, Statistics Canada, Analytical Studies Branch.
    2. Bordt, Michael & Das, Sudip & Heisz, Andrew & Larochelle-Cote, Sebastien, 2005. "Labour Markets, Business Activity and Population Growth and Mobility in Canadian CMAs," Trends and Conditions in Census Metropolitan Areas 2005006e, Statistics Canada, Analytical Studies Branch.
    3. Peter Howitt, 2007. "Innovation, Competition and Growth: A Schumpeterian Perspective on Canada’s Economy," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 246, February.
    4. Morissette, Rene & Picot, Garnett, 2005. "Summary Of: Low-paid Work and Economically Vulnerable Families over the Last Two Decades," Analytical Studies Branch Research Paper Series 2005249e, Statistics Canada, Analytical Studies Branch.

    More about this item

    Keywords

    Education; training and learning; Educational attainment; Fields of study; Job training and educational attainment; Labour; Outcomes of education; Wages; salaries and other earnings;

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