Abstract
The issues concerning the economic benefits of education have been of public interest in recent years in Canada. To shed some light on these issues, this study examines the impact of education on the employment and wages of labor, and on the use and price of physical capital in Canada. Cross-sectional industrial data grouped by province for the year 1990 obtained from Statistics Canada are used. Three major findings are obtained: (1) workers disaggregated by levels of educational attainment are substitutes for one another; (2) capital and all labor groups disaggregated by education are complements; and (3) as workers' educational attainments increase, wages become less sensitive to changes in the quantity of workers in the same labor group, in general.
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