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A student in flip flops and shorts watches as U.S. President Barack Obama (not pictured) receives an honorary degree during the spring commencement ceremony at Ohio State University.
A student in flip flops and shorts watches as U.S. President Barack Obama (not pictured) receives an honorary degree during the spring commencement ceremony at Ohio State University.
(JASON REED/REUTERS)

Economy Lab Roundup: The value of higher education

Few of us would argue with the notion that getting a university education can be a very lucrative thing – both intellectually and financially. But, obviously, not every degree. And not every university.

Recent data from Statistics Canada quantified the benefit of a Canadian undergraduate degree over a high-school diploma, in terms of average additional earnings over a 20-year period (1991 to 2010): Adjusted for inflation, it’s $732,000 (75 per cent) more for men and $448,000 (85 per cent) more for women. Looks like all those late nights of studying and drinking games were worth it, right?