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$20,000<br />
0.3% 0.4%<br />
University degree –<br />
post-graduate<br />
Nowhere are the costs of caring for our aging society more evident<br />
than in health care. The Canadian High school or Institute less for Health Information<br />
estimates that health-care costs escalate quickly from age 70 onwards.<br />
Per capita health care expenditures College or Trade for Canadians between the ages<br />
of one and 34 are, on average, $1,500, rising to $3,600 for 35-to-74<br />
University Degree<br />
year olds. Over the age of 75, health-care expenditures rise to between<br />
$10,000 and $23,000 per capita annually. 28 As the first baby boomers<br />
begin to retire in <strong>2011</strong>, there remains a window of opportunity to<br />
invest in postsecondary education over the next decade and drive the<br />
kind of long-term productivity and innovative products and services<br />
needed to meet and control future health care costs.<br />
Annual Costs<br />
$15,000<br />
Demand for graduate education<br />
Currently, Canadian universities award proportionally fewer master’s<br />
$10,000<br />
and PhD degrees than is common in several OECD countries. When<br />
compared to the U.S., Canada awards one-third fewer PhDs and only<br />
$5,000<br />
half the number of master’s degrees per capita. At the PhD level,<br />
Canada trails well behind most G8 countries in the number of PhDs<br />
$0<br />
less 1-34 35-39 40-44 45-49 50-54 54-59 60-64 65-69 70-74 75-79 80-84 85-89<br />
awarded than annually 1 on a per-capita basis. Yet labour market demand<br />
for employees Source: Canadian with Institute graduate for Health education Informationcontinues to increase. The<br />
number of jobs for those with graduate degrees grew from 600,000<br />
in 1990 to more than 1.3 million in 2009.<br />
90+<br />
Annual Costs<br />
orkers is being<br />
ions that typically<br />
$15,000<br />
of employees with a<br />
egree 2010 $5,000<br />
t change 1990 to 2010<br />
$0<br />
AUCC<br />
$25,000<br />
$20,000<br />
$10,000<br />
FIGURE 33: Per capita health care costs rise dramatically for<br />
those over the age of 70<br />
less<br />
than 1<br />
1-34<br />
35-39<br />
40-44<br />
45-49<br />
50-54<br />
All levels of government across Canada are cognizant of the shifting<br />
demography. As Figure 33 illustrates, health-care costs for a growing<br />
number of Canadians over the age of 70 threatens to overwhelm<br />
FIGURE 34: The Canadian labour market is generating a<br />
provincial growing budgets demand unless for graduate there is degrees sufficient future economic growth.<br />
That kind of economic growth cannot be achieved solely through<br />
1,200<br />
growth in the labour force; it also requires an increase in the productivity<br />
of the labour force.<br />
90% 120% 150%<br />
ears or older (thousands)<br />
1,000<br />
800<br />
600<br />
54-59<br />
Source: Canadian Institute for Health Information<br />
60-64<br />
65-69<br />
70-74<br />
75-79<br />
80-84<br />
Employed part-time<br />
Graduate degree holders<br />
employed full-time<br />
85-89<br />
90+<br />
Employed 15 years or older (thousands)<br />
1,200<br />
1,000<br />
FIGURE 34: The Canadian labour market is generating a<br />
growing demand for graduate degrees<br />
800<br />
70%<br />
60%<br />
600<br />
50%<br />
400<br />
40%<br />
30%<br />
200<br />
20%<br />
0<br />
10%<br />
1990 1992 1994 1996 1998 2000 2002<br />
0%<br />
Source: Statistics Canada, Labour Force Survey<br />
Income relative to men with a<br />
high school diploma<br />
-10%<br />
-20%<br />
FIGURE 37: The earnings advantage for male university grad<br />
increased significantly between 1980 and 2005<br />
Graduate Employed degree part-time holders<br />
employed full-time<br />
Graduate Employed degree full-time holders<br />
employed part-time<br />
Canada has become increasingly reliant on 1980immigration 1985 to 1990 meet its<br />
needs for graduates of master’s and doctoral programs. Since 1990,<br />
Less Postgraduate than high degree school<br />
the number of immigrants coming to Canada diploma who had completed<br />
university FIGURE studies 35: Since has 1990, expanded the number rapidly. of immigrants The number to College Bachelor's Less Canada than and high of degree trade school master’s<br />
diploma diploma<br />
with graduate degrees has grown rapidly<br />
College and trade diploma<br />
graduates has increased five-fold – from about 5,000 in 1990 to<br />
Source: Boudarbat, Lemieux, Riddell 2010<br />
25,000 30,000 in 2008. Doctoral graduates have increased from 1,500 in<br />
1990 to 4,600 in 2008. Master's To put these numbers in perspective, Canadian<br />
25,000<br />
universities awarded PhD 37,000 master’s degrees and 5,500 doctorates<br />
in 2008.<br />
20,000<br />
15,000<br />
10,000<br />
2004<br />
2006<br />
2008<br />
1995<br />
Trends in Higher Education | Volume 1. Enrolment | 37<br />
2000<br />
Bachelor's degr<br />
Postgraduate d<br />
PhD