[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.23895/kdijep.2022.44.2.29

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

PARK, YOONSOO (Department of Economics, Sookmyung Women's University)

Publication Information

KDI Journal of Economic Policy / v.44, no.2, 2022 , pp. 29-44 More about this Journal

Abstract

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.

Keywords

Adult Education and Training; Lifelong Learning; Wage Education. Skills;

Citations & Related Records

Reference

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