Abstract
Abstract The predominant perception in South Korea is that the route to the best jobs is to attend university. Even two-thirds of vocational high school graduates now go to university. This paper examines the impact of different education paths on employment and wages. Unlike previous research, it takes account of Korea’s unusual education system. It uses not only probit and ordinary least squares models but also a conditional expectation correction method model to tackle unobserved heterogeneity. The paper finds vocational secondary education followed by direct entry into the labor market yields better employment status and wages than higher education, when controlling for family and individual characteristics. This result challenges the appropriateness of Korea’s current education strategy of maximizing higher education enrollments.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
