Analysis on Wage Gap responses to Education level and Skill (in Korean)

Eun Suk Kim () and Bong Geul Chun ()
Additional contact information
Eun Suk Kim: Department of Economics, University of Seoul
Bong Geul Chun: Department of Economics, University of Seoul

Economic Analysis (Quarterly), 2013, vol. 19, issue 3, 49-78

Abstract: This paper conducted a study from a variety of viewpoints by integrating education level and skill. As a result of estimating the wage premium caused by skill, the wage premium showed a persistent increase in the college graduates whereas it showed a sharp decline in the high school graduates. In the estimation of the wage gap between the unskilled college graduates and skilled high school graduates, the result indicated that the skilled high school graduates could most effectively overcome the wage gap in the financial institutions and insurance industry. The unskilled college graduates could earn the highest wage compensation in the education industry. Finally, in the wage gap model between the unskilled college graduates and the skilled high school graduates, it indicated a need to increase demand for skilled high school graduates to reduce the wage gap.

Keywords: education level; skill level; wage gap; wage premium (search for similar items in EconPapers)
JEL-codes: J23 J31 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bok.or.kr/ucms/cmmn/file/fileDown.do?m ... 00001016807&fileSn=1 (application/pdf)

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:bok:journl:v:19:y:2013:i:3:p:49-78

Access Statistics for this article

Economic Analysis (Quarterly) is currently edited by Wook Sohn, Hwan-koo Kang and Jaerang Lee

More articles in Economic Analysis (Quarterly) from Economic Research Institute, Bank of Korea Contact information at EDIRC.
Bibliographic data for series maintained by Economic Research Institute ().