Table 9
Predicted changes in the education wage premium from 2000–2002 to 2010–2012
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| Weighted data | ||||
|---|---|---|---|---|
| Based on log weekly wages | Based on log hourly wages | |||
| Gender-specific labour supply | Non-gender-specific labour supply | Gender-specific labour supply | Non-gender-specific labour supply | |
| number | ||||
| Panel 1 – Men aged 20 to 34 | ||||
| Relative labour supply | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Oil price | -0.0153 | -0.0152 | -0.0171 | -0.0169 |
| Housing starts | -0.0047 | -0.0048 | 0.0000 | 0.0000 |
| Computer and telecommunications | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Exchange rate | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Minimum wages | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Unionization | -0.0043 | -0.0043 | -0.0044 | -0.0044 |
| Relative unionization | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Temporary jobs | -0.0006 | -0.0006 | -0.0004 | -0.0005 |
| Unemployment rate of men aged 35 to 54 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Changes predicted by regressors statistically significant at 5% level | -0.0249 | -0.0249 | -0.0220 | -0.0218 |
| Changes in the education wage premium | -0.0771 | -0.0771 | -0.0756 | -0.0756 |
| percent | ||||
| Percentage of observed changes predicted by statistically significant regressors | 32 | 32 | 29 | 29 |
| number | ||||
| Panel 2 – Women aged 20 to 34 | ||||
| Relative labour supply | 0.0000 | -0.0257 | -0.0305 | -0.0296 |
| Oil price | -0.0123 | -0.0125 | -0.0109 | -0.0111 |
| Housing starts | 0.0000 | 0.0000 | -0.0036 | -0.0034 |
| Computer and telecommunications | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Exchange rate | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Minimum wages | -0.0184 | -0.0197 | -0.0220 | -0.0232 |
| Unionization | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Relative unionization | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Temporary jobs | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Unemployment rate of men aged 35 to 54 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Changes predicted by regressors statistically significant at 5% level | -0.0307 | -0.0578 | -0.0670 | -0.0673 |
| Changes in the education wage premium | -0.0656 | -0.0656 | -0.0679 | -0.0679 |
| percent | ||||
| Percentage of observed changes predicted by statistically significant regressors | 47 | 88 | 99 | 99 |
|
Note: The influence of regressors that are not statistically significant at the 5% level is set to zero. Numbers may not add up due to rounding. Source: Statistics Canada, Labour Force Survey. |
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