The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey

The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey

This paper examines whether and how much vocational training raises an individual's earnings in Korea, using the Economically Active Population Survey. To overcome endogeneity of training, we apply fixed-effects and propensity-score matching (PSM) methods. Fixed-effects (PSM) results suggest th...

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Bibliographic Details
Main Authors: Yoo, Gyeong joon, Kang, Chang hui
Format: Article
Language:English
Published: Korea Development Institute 2010-06-01
Series:KDI Journal of Economic Policy
Subjects:
직업훈련(Vocational Training)
임금효과(Wage Effect)
성향점수 매칭법(Propensityscore Matching)
Online Access:https://doi.org/10.23895/kdijep.2010.32.2.27
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spelling doaj-17e9b0bcf48b4c94aa488ab550b4fed42020-11-25T02:44:02ZengKorea Development InstituteKDI Journal of Economic Policy2586-29952586-41302010-06-01322275310.23895/kdijep.2010.32.2.27The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population SurveyYoo, Gyeong joon0Kang, Chang hui1Senior Research Fellow, Korea Development InstituteAssociate Professor, Department of Economics, Chung-ang UniversityThis paper examines whether and how much vocational training raises an individual's earnings in Korea, using the Economically Active Population Survey. To overcome endogeneity of training, we apply fixed-effects and propensity-score matching (PSM) methods. Fixed-effects (PSM) results suggest that work-related training received in the previous one year increases a worker's monthly earnings by 2.6 to 4.7 (7.5 to 9.8) percent. Taken altogether, work-related training enhances a worker's earnings by a minimum of 2.6 and a maximum of 9.8 percent in Korea.https://doi.org/10.23895/kdijep.2010.32.2.27직업훈련(Vocational Training)임금효과(Wage Effect)성향점수 매칭법(Propensityscore Matching)
collection DOAJ
language English
format Article
sources DOAJ
author Yoo, Gyeong joon
Kang, Chang hui
spellingShingle Yoo, Gyeong joon
Kang, Chang hui
The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey
KDI Journal of Economic Policy
직업훈련(Vocational Training)
임금효과(Wage Effect)
성향점수 매칭법(Propensityscore Matching)
author_facet Yoo, Gyeong joon
Kang, Chang hui
author_sort Yoo, Gyeong joon
title The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey
title_short The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey
title_full The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey
title_fullStr The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey
title_full_unstemmed The Impacts of Vocational Training on Earnings in Korea: Evidence from the Economically Active Population Survey
title_sort impacts of vocational training on earnings in korea: evidence from the economically active population survey
publisher Korea Development Institute
series KDI Journal of Economic Policy
issn 2586-2995
2586-4130
publishDate 2010-06-01
description This paper examines whether and how much vocational training raises an individual's earnings in Korea, using the Economically Active Population Survey. To overcome endogeneity of training, we apply fixed-effects and propensity-score matching (PSM) methods. Fixed-effects (PSM) results suggest that work-related training received in the previous one year increases a worker's monthly earnings by 2.6 to 4.7 (7.5 to 9.8) percent. Taken altogether, work-related training enhances a worker's earnings by a minimum of 2.6 and a maximum of 9.8 percent in Korea.
topic 직업훈련(Vocational Training)
임금효과(Wage Effect)
성향점수 매칭법(Propensityscore Matching)
url https://doi.org/10.23895/kdijep.2010.32.2.27
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AT kangchanghui impactsofvocationaltrainingonearningsinkoreaevidencefromtheeconomicallyactivepopulationsurvey
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