The more schooling you undertake, the more you increase your possibility of getting a job, according to a new Canadian study. Every year of education increases the chance of re-employment by 2 to 3 percentage points.
It might sound obvious to some, but a new Canadian study found that investing in education can pay off when it comes time to hunt for a job.
A working paper by University of British Columbia’s Craig Riddell and York University’s Xueda Song discovered the chances of “re-employment” (finding work after a period of unemployment) rise by 27 percentage points if you’ve finished high school.
For every additional year of education, the chance of re-employment inches up two to three percentage points.
The author said the research proves “that supports education as an effective means to enhance adaptability, a valuable characteristic in a changing labour market.”
Statistics Canada reports nine of every ten Canadians have finished secondary school and a quarter of adults aged 25 to 64 have a university degree.
In the U.S., between 1997 and 2007, the number of full-time students rose 34 percent, while the number of part-time students rose 15 percent.
