Human Capital Formation in a Period of Rapid Change

W. Craig Riddell () and Arthur Sweetman ()

UBC Departmental Archives from UBC Department of Economics

Abstract: Large increases in the educational attainment of Canadians have occurred during the past three decades. While Canadians' average years of completed schooling remains slightly below that in the U.S., it is higher than many OECD countries. Further, international tests of adult literacy show that the skills of well-educated Canadians are comparable to their counterparts in other OECD countries. Despite this dramatic rise in the supply of educated workers, and their increasing supply of hours in the paid labour market, the unemployment rate of those with more education has fallen relative to the less educated. Further, the wage premium associated with higher education has remained relatively stable. This suggests a substantial increase in the demand for more highly educated workers.

Keywords: HUMAN RESOURCES; EDUCATION; LABOUR MARKET; DEMAND (search for similar items in EconPapers)
JEL-codes: J20 J24 I20 (search for similar items in EconPapers)
Date: Written
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Persistent link: http://EconPapers.repec.org/RePEc:ubc:bricol:00-06

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