@article{ART002825337},
author={Kim, Jin-Yeong},
title={College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades},
journal={Analyses & Alternatives},
issn={2508-822X},
year={2022},
volume={6},
number={1},
pages={35-69},
doi={10.22931/aanda.2022.6.1.002}
TY - JOUR
AU - Kim, Jin-Yeong
TI - College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades
JO - Analyses & Alternatives
PY - 2022
VL - 6
IS - 1
PB - Korea Consensus Institute
SP - 35
EP - 69
SN - 2508-822X
AB - In this paper we define wage premium of college hierarchy as a wage differential among college graduates from different universities within the same graduate cohort and estimate the wage premium of college hierarchy for the three different cohorts: namely, 1982, 1992, and 2002. We utilize a unique data set called Education-Labor Market Lifetime Path Survey, which contains education and labor market information about the three different college graduate cohorts. We find that the wage premium of college hierarchy changes over time for the same cohort. It tends to large right after graduation but decrease with labor market experience. When the test score at the time of college entrance controlled, the wage premium of college hierarchy mostly disappears for the 1992 cohort. But for the 2002 cohort it remains seven years after graduation. The difference in the wage premium of college hierarchy can be explained, at least partly, by the number of colleges, college enrollment ratio, and the relation between college hierarchy and the entrance test score.
KW - College Hierarchy;Wage Premium. Labor Market of College Graduates;Graduate Cohort
DO - 10.22931/aanda.2022.6.1.002
ER -
Kim, Jin-Yeong. (2022). College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades. Analyses & Alternatives, 6(1), 35-69.
Kim, Jin-Yeong. 2022, "College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades", Analyses & Alternatives, vol.6, no.1 pp.35-69. Available from: doi:10.22931/aanda.2022.6.1.002
Kim, Jin-Yeong "College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades" Analyses & Alternatives 6.1 pp.35-69 (2022) : 35.
Kim, Jin-Yeong. College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades. 2022; 6(1), 35-69. Available from: doi:10.22931/aanda.2022.6.1.002
Kim, Jin-Yeong. "College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades" Analyses & Alternatives 6, no.1 (2022) : 35-69.doi: 10.22931/aanda.2022.6.1.002
Kim, Jin-Yeong. College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades. Analyses & Alternatives, 6(1), 35-69. doi: 10.22931/aanda.2022.6.1.002
Kim, Jin-Yeong. College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades. Analyses & Alternatives. 2022; 6(1) 35-69. doi: 10.22931/aanda.2022.6.1.002
Kim, Jin-Yeong. College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades. 2022; 6(1), 35-69. Available from: doi:10.22931/aanda.2022.6.1.002
Kim, Jin-Yeong. "College Hierarchy and the Labor Market in Korea: Changes in the Wage Premium of College Hierarchy over Several Decades" Analyses & Alternatives 6, no.1 (2022) : 35-69.doi: 10.22931/aanda.2022.6.1.002
