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An analysis of economic benefits to different educational attainments in Korea.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	An analysis of economic benefits to different educational attainments in Korea./
Author:	Kang, Young-Soon.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2002,
Description:	129 p.
Notes:	Source: Dissertations Abstracts International, Volume: 65-01, Section: A.
Contained By:	Dissertations Abstracts International65-01A.
Subject:	Vocational education. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3082250
ISBN:	9780496301010

An analysis of economic benefits to different educational attainments in Korea.
Kang, Young-Soon.

An analysis of economic benefits to different educational attainments in Korea. - Ann Arbor : ProQuest Dissertations & Theses, 2002 - 129 p.

Source: Dissertations Abstracts International, Volume: 65-01, Section: A.

Thesis (Ph.D.)--University of California, Berkeley, 2002.

This item must not be sold to any third party vendors.

Economic benefits for individuals from secondary vocational education have been given little attention in Korea. In addition, despite the upsurge in the number of vocational high school graduates enrolling in college in recent years, the influence of secondary vocational education on labor market outcomes after college have been ignored in prior research. The main purpose of this study is to examine labor market outcomes to different levels and kinds of educational attainment in Korea. Its primary focus is on estimating differences in labor market success between vocational and academic high school graduates, including trends in the relative payoff of academic and vocational programs across age cohorts. In particular, the study compares labor market outcomes for academic and vocational high school graduates who completed junior college education. This study analyzed a new data set called “Korean Labor and Income Panel Survey” which was started in 1998 and has been carried out every year. Results showed that university graduates reap significant benefits from education with respect to employment chances and subsequent earnings. In every age group, university graduates enjoy a higher probability of being employed along with greater hourly and monthly earnings, compared to academic high school graduates. Young people with university degrees make a smoother transition from school to work, needing significantly less time to find their first job in addition to earning significantly more on that first job. Junior college graduates also enjoy greater benefits in the job market than high school graduates, although less than university graduates. This study found very little difference in labor market outcomes between high school graduates with different types of diplomas. With respect to school-to-work transition, however, young vocational high school graduates need significantly less time to find their first job than their academic counterparts, although they do not earn more on this first job. It also found that when vocational education places too much focus on specific job skills, as it did in the 1970s in Korea, this may result in worse labor market outcomes for vocational high school graduates over the long term. On the other hand, vocational high school graduates, despite their relatively poor performance in middle school, can, by obtaining a junior college diploma, earn more than academic high school graduates who do not attend college. And among junior college graduates, those who came through vocational high schools did just as well in the labor market as those who went to academic high schools.

ISBN: 9780496301010Subjects--Topical Terms:

661062
Vocational education.
Subjects--Index Terms:

Economic benefits

An analysis of economic benefits to different educational attainments in Korea.
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520 $a Economic benefits for individuals from secondary vocational education have been given little attention in Korea. In addition, despite the upsurge in the number of vocational high school graduates enrolling in college in recent years, the influence of secondary vocational education on labor market outcomes after college have been ignored in prior research. The main purpose of this study is to examine labor market outcomes to different levels and kinds of educational attainment in Korea. Its primary focus is on estimating differences in labor market success between vocational and academic high school graduates, including trends in the relative payoff of academic and vocational programs across age cohorts. In particular, the study compares labor market outcomes for academic and vocational high school graduates who completed junior college education. This study analyzed a new data set called “Korean Labor and Income Panel Survey” which was started in 1998 and has been carried out every year. Results showed that university graduates reap significant benefits from education with respect to employment chances and subsequent earnings. In every age group, university graduates enjoy a higher probability of being employed along with greater hourly and monthly earnings, compared to academic high school graduates. Young people with university degrees make a smoother transition from school to work, needing significantly less time to find their first job in addition to earning significantly more on that first job. Junior college graduates also enjoy greater benefits in the job market than high school graduates, although less than university graduates. This study found very little difference in labor market outcomes between high school graduates with different types of diplomas. With respect to school-to-work transition, however, young vocational high school graduates need significantly less time to find their first job than their academic counterparts, although they do not earn more on this first job. It also found that when vocational education places too much focus on specific job skills, as it did in the 1970s in Korea, this may result in worse labor market outcomes for vocational high school graduates over the long term. On the other hand, vocational high school graduates, despite their relatively poor performance in middle school, can, by obtaining a junior college diploma, earn more than academic high school graduates who do not attend college. And among junior college graduates, those who came through vocational high schools did just as well in the labor market as those who went to academic high schools.
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