Pink slips turn to post-secondary opportunities for adults, suggests a Statistics Canada study.
Adults who are laid off are three to five times more likely to enrol in a post-secondary education than those who are working. The study found 3.1% of both men and women who lost employment during the 2008 recession enrolled in a college or university. This was compared with enrolment rates for people who were not laid off of 1% for women and 0.6% for men.
The study found a significant link between layoffs and full-time attendance in post-secondary education institutions two years prior to job loss to two years following job loss. This suggests that some laid-off workers start enrolling in post-secondary institutions as soon as they receive information about impending layoffs and that, in some cases, their periods of enrolment last more than one year.
The data also suggests layoffs spur working adults in uncertain environments. For example, employees at distressed firms, or those who work at companies supplying struggling companies, may also seek further education in anticipation of potential job cuts.
The study tracked workers who were aged 35 to 44 in 2001 and recorded their transitions into post-secondary education institutions from 2001 to 2011.
