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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

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