The determinants of university participation

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Résumé (français)

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Résumé (anglais)

The decision to attend university is influenced by the balance of the expected returns and costs of attending university,by liquidity constraints and capital market imperfections that may modify these calculations and, hence, by the family income of prospective students. Family circumstances also play a role. We examine the secular increase in the propensity to attend university in Canada, evident in annual labour market surveys spanning two and half a decades. and consider the contribution of several factors including the additional income expected from having a university degree, tution fees and family real incomes.