College education focuses on more technical and vocational training than the university education yet college education is not free in Canada for the learners who don’t have scholarship and parents working on the institutions that provide college scholarship benefits. The paper applies to Canada and China which should follow the steps of the European countries such as German, France, Norway, and Sweden which have implemented the college-free education proposal. Besides, the paper covers the 20 year period between 2000 and 2020 to effectively demonstrate the macroeconomic effects of changes in college education in Canada in two decades. The paper will use the OECD data source because it is the only source dealing with Canada. Also, the paper will simulate the Mankiw Romer Weil (1982) model with a keen interest to the Canadian education policy. In this case, the paper will study economic variables such as human capital, saving rates, population growth rates and technology growth rates.
Bibliography
Boothby, Daniel, and Torben Drewes. "Postsecondary Education in Canada: Returns to University, College and Trades Education." Canadian Public Policy 32, no. 1 (2006): 1-22.
The paper concludes that college education generates more economic returns as compared to the secondary school education. Economic returns of the college education provide an important ground to support the free college proposal.
Lacroix, Guy, Francois Laliberté-Auger, Pierre-Carl Michaud, and Daniel Parent. "The Effect of College Education on Health and Mortality: Evidence from Canada." Health Economics, 2019, Health Economics, 24 November 2019.
This article finds out that college education delays mortality by decreasing the health conditions and increase survival advantage condition on having the diseases. For this reason, the paper will support the hypothesis that social good of free college education outweigh its economic cost.
Regehr, Cheryl. "Trends in Higher Education in Canada and Implications for Social Work Education." Social Work Education 32, no. 6 (2013): 700-14.
This paper finds out that high enrollment rates and falling of revenues are the major problems facing the Canadian post-secondary education. This will help the paper demonstrate the need for educational reforms in the Canadian college education.
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