No PhDs Please: This is Canada

Title-book

This book examines the value of a PhD in Canada from a broad perspective and is written in a format suitable for a wide audience: professionals, business executives, governments and policy makers. It is presented through self-explanatory charts.

The book dispels the conventional wisdom that the highest possible education is always rewarded. Earnings of PhDs in Canada are very close to those with a Masters; their unemployment rate is even higher, quite opposite of their counterparts in the United States and OECD countries. A government report shows that a good number of them are driving taxies.

There are three main reasons for the deplorable state of Canada’s PhDs: declining academic positions due to continued budget cuts (universities being the main employer), antipathy of politicians who are decision makers in governments (the second major employer) toward facts and research, and the continuing risk-averse, traditional outlook of the Canadian business sector.

Canada’s private sector is at the bottom among competing OECD countries when it comes to R&D activities. It hires only 4% PhDs compared to the 48% hired by the private sector in the United States. Canada’s economy is still predominantly resource based, as it was in the last century. About 60% of Canada’s manufacturing and 70% of its top ten exports are resource related — areas of the economy where there is hardly a need for PhDs.

Future outlook is not expected to be different due to shrinking full time faculty positions, aversion of political masters towards research and contempt for PhDs and mindset of private sector to be content with the continued traditional primary and resource based economic activities.

Contents

Introduction

It presents importance of PhDs; deplorable situation of PhDs in Canada compared to OECD countries and especially the United States; and reasons for such situation.

Chapter I: Doctoral Graduates

It examines in depth PhDs enrollment in Canada and discipline of their specialization. It also analyzes the number and composition of foreign students in PhD programs.

Chapter II: Higher Education and Economic Return

It examines employment, earnings, over qualification and sectors of job concentration such as in academia, government, private sectors and R&D industries.

Chapter III: Immigrants and Over-qualified Workers

Immigrants PhDs account for more than their share in the general population. But they are un- or under-employed and under paid. A large proportion is overqualified for jobs that they are presently doing.

Chapter IV: Reasons for Lower Economic Return of PhDs

It examines Canada’s natural resource endowments as compared to U.S. and OECD and high dependence of Canada’s GDP, employment and international trade on resource sectors: areas where highly educated people (PhDs) are hardly needed.

Chapter V: Issues and Future Challenges

Role of PhDs is analyzed in a broader socio-economic and political environment of Canada. Impact of new learning technology, opening of North American university campuses in Asia and reverse migration of foreign trained PhDs to their home countries are discussed.

Income and UnemploymentIncome and Unemployment: Higher Education

Unemployment & Earnings in US

Unemployment & Earnings in US

Canada: Median Earnings among Graduates ($000)

Canada: Median Earnings among Graduates ($000)

Canada: Breakdown of PhDs (%), 2007, Total=3,500

Canada: Breakdown of PhDs (%), 2007, Total=3,500

Canada: Private Internal Rate of Return on Higher Education

Canada: Private Internal Rate of Return on Higher Education

University Educated Population in Canada

University Educated Population in Canada

Canada: Overqualification in Higher Education (Bachelor instead of PhD)

Canada: Overqualification in Higher Education (Bachelor, instead of PhD required)

Canada's Natural Wealth

Canada’s Natural Wealth

US vs Canada: Population, GDP, Technology etc.

US vs Canada: Population, GDP, Technology etc.

Canada's GDP Breakdown

Canada’s GDP Breakdown

Canada & US: Top Ten Exports

Canada & US: Top Ten Exports

OECD: Revealed Comparative Indicator

OECD: Revealed Comparative Indicator

Canada: Exchange Rate & Resource Prices Correlation

Canada: Exchange Rate & Resource Prices Correlation

OECD: Total Corporate Tax Rate (%)

OECD: Total Corporate Tax Rate (%)

OECD: Government Funding of R&D as % of GDP

OECD: Government Funding of R&D as % of GDP

No PhDs Please: Back Cover

No PhDs Please: Back Cover

The book is available from Amazon.com (and also from other websites): http://www.amazon.com/No-PhDs-Please-Employment-Prospects/dp/1479317950/ref=sr_1_1?s=books&ie=UTF8&qid=1347885996&sr=1-1&keywords=no+phds+please

Based on the book, the article is published here: http://www.huffingtonpost.ca/mahmood-iqbal/phd-in-canada_b_1916146.html

Now complete book in pdf (27.4MB file) is available free from (but registration may be required):

http://www.free-ebooks.net/ebook/No-PhDs-Please-This-is-Canada

©Mahmood Iqbal and ipotpourri.wordpress.com: 2012

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About Mahmood Iqbal

An Economist (PhD) and a Professor (Part-time) at the Carleton University, Canada. The author of "No PhDs Please: This is Canada." Besides doing research on serious economic and policy issues for the last 25 years, like to write journalistic pieces on subjects of interest. An amateur Photographer. ... Blog appears to be appropriate venue to post my wondering thoughts without any peer pressure and academic review process.
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