An earnings function is defined for the highly qualified manpower in Canada in 1973. Education, experience and field of study, instead of occupation, are the arguments. By use of regression techniques it is shown that the third independent variable adds significantly to the explanation of the...

Better education means higher income. This correlation remains undisputed in the economics of education. Such is not the case for the meaning to be given to it. Why do better educated people earn more? Following Mark Blaug, various explanations are regrouped around three headings, economic,...

This paper reports empirical evidence on the determinants of the decision to stay in school for a group of young Quebecers. The model used is derived from the theory of investment in human capital. The independent variables refer to personal characteristics, family environment, school...

The topic of this paper is public financing of university education in Quebec, which is analysed from the point of view of scarcity: even governments must submit to this reality. Our argument is built around three questions: How much should society spend? How should the burden be distributed...

In their choice of a field of study, students are assumed by the "neoclassical" theory to be rational, well informed, flexible, and to react to changes in monetary variables. Data from a survey are used to show that students are economic men and women only in a weak sense: 1) they appear to be...

Economists have grown accustomed to measuring the profitability of education with an all-purpose rate of return. Even though the benefits of education are received in the future, the rate of return is obtained by comparing costs and increments in earnings observed in a single period. Since...

The object of this paper is the relationship between public expenditures on university education and subsequent public benefits arising from an extended fiscal base. Fiscal rates of return corresponding to a doubling of fees are computed for Quebec. Ce rapport met en relation les dépenses...