The Role of Credentials in the Canadian Labour Market

27 Pages Posted: 30 Dec 2002

See all articles by Ana M. Ferrer

Ana M. Ferrer

University of Calgary - Department of Economics

W. Craig Riddell

University of British Columbia (UBC) - Department of Economics

Abstract

We study the role of credentials or "sheepskin effects" in the Canadian labour market. Sheepskin effects refer to increases in wages associated with the receipt of a degree after controlling for educational inputs such as years of schooling. We find strong evidence of sheepskin effects associated with graduation from high school, community college or trade school, and university. The importance of credentials increases with educational attainment, accounting for 30 per cent of the return to 16 years of schooling but more than half of returns above 16 years. Our evidence indicates that both years of schooling and degree completion influence earnings.

JEL Classification: I2, J3

Suggested Citation

Ferrer, Ana M. and Riddell, W. Craig, The Role of Credentials in the Canadian Labour Market. Canadian Journal of Economics, Vol. 35, pp. 879-905, 2002. Available at SSRN: https://ssrn.com/abstract=342538

Ana M. Ferrer (Contact Author)

University of Calgary - Department of Economics ( email )

Calgary, Alberta
Canada

W. Craig Riddell

University of British Columbia (UBC) - Department of Economics ( email )

997-1873 East Mall
Vancouver, BC V6T 1Z1
Canada
604-822-2106 (Phone)

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