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Occupational Labor Market Activities by College Majors: On the Crisis of Science and Engineering Majors  

Kim, Chang-Hwan (미네소타 인구센타)
Kim, Hyung-Seog (통계청, 텍사스주립대 인구연구센타)
Publication Information
Korea journal of population studies / v.29, no.3, 2006 , pp. 1-27 More about this Journal
Abstract
Labor market participation and occupational status for workers majoring in(natural) science and engineering are estimated and compared with workers of other majors at three levels: employment, prestigious occupations, and good occupations. For this, we utilized 2% Public Use Sample of 2000 Korea Census. The results of two-stage probit models, which adjust sample selection bias, do not support the argument that graduates of science and engineering majors are relatively disadvantaged. Workers of engineering majors are more likely to have 'good occupations' at their early job careers, but their advantages fade away quickly as they are aging. Especially at their 40s, their probability of having 'good occupations' start to be likely lower than workers of social science majors. This may be due to low human capital accumulation rates at work places along with quickly outdated skills which are acquired in colleges.
Keywords
college major; science and engineering; employment; occupation;
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