• Title/Summary/Keyword: Intership Program

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The Effect of Government Intership Program on Accumulation of the Human Capital (미취업 이공계 석·박사 지원정책의 경제적 효과분석 : 인적자본 투자수익률을 중심으로)

  • Hong, Sung-Pyo;Lee, Sung-Kyu
    • Journal of Labour Economics
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    • v.26 no.3
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    • pp.29-47
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    • 2003
  • The study analyzes how effective the Government Internship Program has been on accumulation of the human capital. The Program was designed under the foreign exchange crisis to support the new, but unemployed graduates with MA or Ph.D degree in the science and the engineering fields. The survey data is collected from the participants in the Program. The Tobit model is estimated to find the economic effects of the Program in terms of the rate of return of investment in the human capitals of the intern researchers. Considering that the Program is tentative and that the human capitals of the participants are easily obsolescent, the rate of return is observed to be substantially large. These results imply that the Internship Program has been successful in terms of providing not only the researchers with the opportunity to accumulate the human capital by means of the on-the-job-training, but also the institutes or the firms with the opportunity to utilize the high-quality researchers at the low cost.

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