Pre-employment vocational education and training in Korea

ChangKyun Chae and Jaeho Chung

No 52186, Social Protection Discussion Papers and Notes from The World Bank

Abstract: The Korean vocational education and training (VET) system is heralded as one of the key factors contributing to the countries past economic growth. VET has played an important role in developing a skilled labor force during Korea's economic development. However, with the increasing importance of higher education and general education, the status of VET in the country is declining. This paper explores recent Korean data to analyze the labor market outcomes of pre-employment VET institutions. The findings show that current vocational high school education is not associated with better labor market outcomes, in terms of employment rate, wage levels, prospect of permanent employment, and transition to the first job, when compared to general high school education. Among VET programs, the authors find that graduates of higher level, more comprehensive VET programs experience greater labor market achievements than graduates of less competitive, shorter programs. The authors also find that the VET institutes play an important role in supplying technical labor to small and medium enterprises (SMEs).

Keywords: Tertiary Education; Secondary Education; Labor Markets; Education For All; Teaching and Learning (search for similar items in EconPapers)
Date: 2009-11-01
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:hdnspu:52186

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