Quality Of Life Research

Superior Essays
There are many levels of education; furthermore some are generally more lucrative than others. Money enables one to purchase needs and wants, since some levels of education on average pay higher than others, as a result those who have higher educations will be able to purchase more needs and wants, consequently leading to a higher quality of life. Research is going to show that there is a strong positive relationship between education and quality of life. Quality of life was used over income as income is speaking solely in terms of money, but quality of life gives a greater feel of what an impact education can have on how you live. Quality of life refers to what you can buy yourself and your family with money such as a better house, furniture, …show more content…
The cause and effect may be attributed to common cause, as those seeking higher education may be more driven which in reality is the factor that is increasing income. The other cause and effect that may be affecting this is again common cause, those that seek higher education come from a family that can afford it, and therefore can focus on a career instead of a job. The last factor would be a reverse cause and effect relationship, although this is likely not as common. The idea behind this one is that instead of those who seek higher education make more of money; those who make more money seek higher …show more content…
This is because since a lot of surveys are being distributed and managed it would be hard to make sure they are all done well. Administrative data can be misrepresented if the records differ from organization to organization and document to document. This data can also be represented since the salaries were done in ranges and for the purpose of this study they were made midpoints. It can also be misrepresented as the salary for $125,000 was actually $125,000 or over, but that was changed since the latter was too vague. A very big downside to how the statistics were given by stats Canada was the bin width. The bin width is not the same and changes as the income increases. I understand why the government decided to do this seeing that increasing the width not only saves money, but also as a person receives more income each dollar they earn becomes less important. For example earning $5,000 compared to $10,000 is a big increased compared to $120,000 to $125,000. The chance of misrepresentation for all of these things would be lying, or old administrative data. Since this data is collected by the Canadian government however the chances of these are minimized (Statistics Canada,

Related Documents

  • Improved Essays

    The benefits of going to college do seem to outweigh the costs because those who have continued with their education and have earned higher degrees seem to be rewarded with higher wages and a more stable, secure lifestyle. In today’s…

    • 1646 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    In Stephanie and Isabel’s essay, it stated “...public schools tend to have higher ROIs than private schools...”(Owen, S., & Sawhill). There was a chart that showed that students have been able to make a bigger return on the money put into college after graduating from a public school than a private school. This statement could be considered both a comparison and an anomaly. It seemed a bit strange to read the chart because people tend to think that private schools should provide a person with a better education and get them into a better job. Private schools are more expensive, so people tend to think that the level of education is going to be better that the less expensive, or public, schools.…

    • 1372 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    This quote shows that if you have a college education earnings will increasing. College will allow you to have the financial stability and financial flexibility that only a good education can provide. A college education is valuable because it will allow you to earn more money as well as other…

    • 618 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    9. A business may adopt a capital intensive process over a labour intensive process because a higher volume of output can be produced with higher quality (a capital intensive process uses more machinery than labour). 10. Employees may resist attempts to increase labour productivity since they feel it is unfair that they are being made to produce more unless they are offered higher rewards in exchange for increased productivity. Data Response.…

    • 1129 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Higher Education Success

    • 720 Words
    • 3 Pages

    The main reasons why higher education is a success, should be viewed from this perspective includes: higher education offering more jobs to choose from, learning into individual’s knowledge and skills and having a career not just a job. These main points show, that even though going to a higher education can be expensive, it also can be worth it in the long run. The best way to know that high education is the key to success is trying out a community college or going to a four year college. If majority of people look into the benefit of a higher education, then more people will be able to have a career other than just a…

    • 720 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    College education, also known as higher education, is a course of studies that leads you to receive a degree, diploma, or certificate. In our society, college education leads to a higher salary and decreases the chance of being unemployed. Higher education doesn’t just lead us to a decent job but also leads us to individual growth. Even though college education benefits us in different ways, it puts a strain on us finically. The purpose of earning a higher education is to increase employment rates, to receive a better income than others, and can lead to better job opportunities; Although its tuition fee overwork our finical needs.…

    • 852 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Labour Force Case Study

    • 1512 Words
    • 6 Pages

    Free tertiary education One can assume free tertiary education causes more people to take higher education. More educated people give a smarter work force, and a smarter workforce results in higher labour productivity, since human capital is increased. Higher labour productivity increases real GDP, since 1 hour of labour now produces more goods. The graphs suggest the ‘Free tertiary education’ strategy will yield best results, this is because of diminishing marginal returns. As graph 2 shows, you only move along the product function (PF) when you increase the labour force, which has been established as the outcome of the ‘lump sum of money’ strategy.…

    • 1512 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    The multiplier is always an estimated number, and is expressed as the reciprocal of the marginal propensity to save. The multiplier is important because it focuses on more money being added into the total income, this is important because it allows people to spend more money. The multiplier is important because it focuses on the circular flow, and it helps with the government’s spending. It allows the government and other things to spend more once it figures out the total income. This is another way to help with investment, this strategy causes the government to allow people to spend more because there is generally more money to be spent on goods and services.…

    • 1940 Words
    • 8 Pages
    Great Essays
  • Superior Essays

    Value Of College Education

    • 1241 Words
    • 5 Pages

    The other economic benefits that further influence the society to invest in higher education are accelerated workforce flexibility, decrease in the dependence on government for any sort of financial support, increase in the consumption of food, development of a society where health and wealth flourishes and an increase in tax revenues for government; however, there is abundance of evidence present that supports the idea that the return associated with pursuing higher education is much higher than the initial investment. This is the major reason why the investment in college education has turned into a realistic perspective and accelerated its value over the period of time. Statistics further support the notion that the disparity which exists between the income earned by the college graduate and those with the high school diploma is quite…

    • 1241 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    The same can perhaps be argued for many other ethnic groups in America. As stated before, education could offer more social and economic mobility throughout life, however those with significantly more wealth attain these standards of living much more easily then say a minority who has to work much harder to attain the same education, occupations, and lifestyle. Weber argues that “status groups can often restrict entry into more lucrative professions or trades and access to credit” (Gilbert, 2015:9). “More generally, birth into high-status family gives children advantages of social grace and personal contracts that eventually help their careers” (Gilbert, 2015:9). With this being said, perhaps even hard work cannot guarantee one to have a privileged lifestyle.…

    • 496 Words
    • 2 Pages
    Improved Essays