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http://dx.doi.org/10.5762/KAIS.2017.18.4.235

The Determinants of Labor Market Outcomes in Four-year graduates through Principal Component Analysis and Correspondence Analysis By training institution  

Chae, Hee Won (The Graduate School of Vocational, Kyonggi University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.18, no.4, 2017 , pp. 235-241 More about this Journal
Abstract
This study investigated the performance factors for entry into the labor market of 4 - year college graduates using KEEP data and to determine how the labor market performance is related to the training institutions. The labor market performance is termed as 1) labor market entry time, 2) employment type, and 3) wage. Correspondence analysis was carried out with a nominal variable indicating the characteristics of a training institute, in which the respondents were trained for employment, and the relationship between the two was expressed in a more visible way. First, as a result of analyzing the first job transition period, the shortest training institutes were analyzed as public institutes, followed by private institutes and universities. Second, the employment rate of the public institutions is higher than that of private institutes and universities. Second, the employment rate of public institutions is higher than that of private institutes and universities. Third, the wage level of public institutes ranged from wage level 1 to 3, while private institutes had a wage level ranging from 2 to 4. Universities showed a wide range from 1 to 5. Based on these results, this study can analyze the difference in the labor market performance by training institutions when young people enter society.
Keywords
Training institution; Labor Market Outcomes; Correspondence Analysis;
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Times Cited By KSCI : 1  (Citation Analysis)
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