New research from Ryerson University:
To assess the impact of education level on income, [Ryerson University economics professor Vicenzo] Caponi and his co-author, Miana Plesca of the University of Guelph, used data from Statistics Canada to examine the profiles of 3,200 Canadians with similar personal and family characteristics but different levels of education.
Among the factors that the researchers looked at were the level of education achieved by the parents of the study's respondents and the number of children in the family. Both can influence a student's choice of a course of study or, in some cases, the economic feasibility of continuing their education at the post-secondary level. These individuals in the study completed a high school, trade, college or an undergraduate university education. (Adults who earned a graduate degree or who did not finish high school were excluded from the study.)
The researchers found that university graduates earned, on average, 20 per cent more than those with a college education. Men with a college education earned 14 per cent more than those who completed high school. Women who graduated from a college, on average, made 21 per cent more than females with a high school education.
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