Essays on Labor Market and Human Capital - Korea and Germany.
Title:
Essays on Labor Market and Human Capital - Korea and Germany.
Author:
Jung, Mee-Kyung.
ISBN:
9783653009019
Personal Author:
Physical Description:
1 online resource (210 pages)
Series:
Europäische Hochschulschriften ; v.3383
Europäische Hochschulschriften
Contents:
Contents -- Tables 12 -- Figures 15 -- General Introduction 17 -- 1. What can Job Training do? Is University the Sole Way of Life? - The Effects of School Education and Job Training on Wages in Korea 25 -- 1.1. Introduction 25 -- 1.2. Education System in Korea 28 -- 1.3. Theory, Model and Problems of Estimation 31 -- 1.4. Data and Descriptive Statistics 38 -- 1.5. Estimation Methods and Results 40 -- 1.5.1. Random Effects Estimation 41 -- 1.5.2. Heckman 2 Step Estimation 43 -- 1.5.3. Other Findings 46 -- 1.6. Conclusion 48 -- References 52 -- Appendix 56 -- 2. Effects of School Education and Job Training on Earnings in Korea and Germany. A Comparative Study 75 -- 2.1. Introduction 75 -- 2.2. Difference of School Education and Job Training between Korea and Germany 78 -- 2.2.1. School Systems in Korea and Germany 78 -- 2.2.2. Vocational Training at the Upper Secondary Education in Korea and Germany 82 -- 2.2.3. Job Training after Schooling in Korea and Advanced Job Training in Germany 84 -- 2.3. Model and Methods 86 -- 2.4. Data and Descriptive Statistics 88 -- 2.4.1. Data 88 -- 2.4.2. Descriptive Statistics 89 -- 2.5. Estimation Results 93 -- 2.5.1. Estimation Results using the Variables: Education Levels and Job Training 93 -- 2.5.2. Estimation Results using the Variables: Educational Duration and Job Training 96 -- 2.5.3. Job Training Effects on Earnings including Interaction Terms and Variables for Earlier Years in Job Training 98 -- 2.5.4. Other Findings 99 -- 2.6. Conclusion 101 -- References 105 -- Appendix 109 -- 3. Women's Career and Children - Human Capital and Earnings of Women in Korea and Germany. A Comparative Study 142 -- 3.1. Introduction 142 -- 3.2. Education, Employment and Fertility Rate of Women in Korea and Germany 146 -- 3.3. Model and Methods 150 -- 3.4. Data and Descriptive Statistics 154.
3.5. Estimation Results 157 -- 3.5.1. Effects of Human Capital on Earnings for Women using the Quantile Regression Method 157 -- 3.5.2. Discontinuity of Earnings due to Children using the RD Design 163 -- 3.6. Conclusion 166 -- References 171 -- Appendix 175 -- Closing Remarks 200 -- References 206.
Abstract:
Since 2004, more than 80% of all high school graduates in Korea went on to university or at least junior college, although higher educated people suffer more seriously from unemployment. In human capital theory, reducing the unemployment rate when increasing the level of education was determined to be a stylized fact. But the current situation in Korea does not justify the theory. Using the Korean Labor and Income Panel Study and the German Socio-Economic Panel three empirical essays aim to find the corresponding reasons and solutions. Koreans' strong interest in university studies could be caused by lack of promising alternatives. An enhancement of the job training system along German lines seems to offer a reasonable solution to the oversupply of university graduates in Korea.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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