Does Learning Matter for Wages in Korea? International Comparison of Wage Returns to Adult Education and Training

Autor:	YOONSOO PARK
Jazyk:	English<br />Korean
Rok vydání:	2022
Předmět:	adult education and training lifelong learning wage education. skills Social Sciences Industries. Land use. Labor HD28-9999 Economic theory. Demography HB1-3840
Zdroj:	KDI Journal of Economic Policy, Vol 44, Iss 2, Pp 29-44 (2022)
Druh dokumentu:	article
ISSN:	2586-2995 2586-4130
DOI:	10.23895/kdijep.2022.44.2.29
Popis:	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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/d9dcd0df5f94426b9e9990485935706c Zobrazit plný text záznamu View record in DOAJ