Investing in Upskilling: Gains for Individuals, Employers and Government - Summary Quebec (2012)

This summary report is part of a project carried out for the Canadian Literacy and Learning Network (CLLN), exploring the relationship between literacy and income.

The authors analyzed data from the 2003 International Adult Literacy and Skills Survey and the 2005 to 2009 Surveys of Labour and Income Dynamics to determine the costs and savings associated with moving every Canadian with a Literacy Level 1 or 2 on the international literacy scale to Level 3, the proficiency level necessary to compete in global markets.

Here, the authors look specifically at the province of Quebec, where they suggest that a one-time investment of $8.05 billion over five years would be required to raise the skills of all adults to Level 3. If that investment were made, earnings for the adults who receive literacy upgrading are estimated to rise by $21.7 billion, or an average of $3,478 per worker annually.

The investment would also lead to total savings of $770 million because of reduced payments for employment insurance, workers’ compensation, and social assistance.

The authors note that using even the most conservative assumptions, the rate of return on investment is huge. Assuming that the benefits of higher skills last for only five years, the annual rate of return would be 1,327 percent in Quebec.

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2013-06-25
APA citation
T. Scott Murray and Richard Shillington. Investing in Upskilling: Gains for Individuals, Employers and Government - Summary Quebec 2012. Web. 18 Jan. 2021 <http://en.copian.ca/library/research/clln/investing_summary_qc/investing_summary_qc.pdf>
T. Scott Murray & Richard Shillington (2012). Investing in Upskilling: Gains for Individuals, Employers and Government - Summary Quebec. Retrieved January 18, 2021, from http://en.copian.ca/library/research/clln/investing_summary_qc/investing_summary_qc.pdf
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