Analyzing Determining Factors of Young Graduates’ Decision to Stay in Lagged Regions

Youngjin Woo and Euijune Kim
Additional contact information
Youngjin Woo: Department of Agricultural Economics and Rural Development, and Research Institute of Agricultural and Life Sciences, Seoul National University, Seoul 08826, Korea
Euijune Kim: Department of Agricultural Economics and Rural Development, and Research Institute of Agricultural and Life Sciences, Seoul National University, Seoul 08826, Korea

Sustainability, 2020, vol. 12, issue 8, 1-10

Abstract: This study identifies what factors have effects on college graduates’ decisions to stay for jobs in lagged regions using a bivariate probit model with sample selection. The results show that strong preferences for a home village and a university region contribute to the decision about job location concerning the regions. In addition, low living costs have much significant impact on spatial choice compared with economic factors, such as the levels of wage and job security. The long-term economic growth of lagged regions could be affected by a preference of high-school graduates to attend local universities.

Keywords: young college graduates; location decision; hometown effect; university region (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/8/3094/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/8/3094/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:8:p:3094-:d:344602

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().