Transcription of Which Fields Pay, Which Fields Don’t? An …
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Which Fields Pay, Which Fields Don’t? An …
Which Fields Pay, Which Fields Don t? An Examination of the Returns to University Education in Canada by Detailed Field of Study Alan Stark1 Economic Studies and Policy Analysis Division Department of Finance, Canada February 2007 1 The views expressed in this paper are my own and should not be attributed to the Department of Finance. 1 Abstract The decision to attend university has a significant impact on an individual s lifetime earnings, as does his choice of field of study and whether or not to pursue graduate studies. This paper uses data from the 1996 Canadian Census to compute estimates of the private rate of return associated with these choices. Use of data from the full (20 per cent) sample allows for estimates to be computed by detailed field of study.
education is primarily concerned with how they themselves will be directly affected by the investment. Thus, the measure of greatest interest to them is likely to be the private rate of return, which considers only the benefits and costs that accrue solely to the
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