Does Learning Matter for Wages in Korea? International Comparison of Wage Returns to Adult Education and TrainingDoes Learning Matter for Wages in Korea? International Comparison of Wage Returns to Adult Education and Training
- Other Titles
- Does Learning Matter for Wages in Korea? International Comparison of Wage Returns to Adult Education and Training
- Issue Date
- Adult Education and Training; Lifelong Learning; Wage Education. Skills
- KDI Journal of Economic Policy, v.44, no.2, pp.29 - 44
- Journal Title
- KDI Journal of Economic Policy
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- End Page
- This study compares the wage equation in Korea to those in other countries, focusing on the wage returns to adult education and training (AET) participation. It is found that the wage compensation structure in Korea is associated mainly with job characteristics such as tenure and workplace size rather than with worker characteristics such as AET participation and cognitive abilities. It is also found that Korea’s AET participation is skewed toward non-job-related AET, relative to the situations in other countries. These findings imply that the link between a worker’s productivity and wage should be strengthened in order to incentivize workers to invest in AET relevant to the labor market.
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- 경상대학 > 경제학부 > 1. Journal Articles
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