Heterogeneous Returns to Education: Why are Medicine and Pharmacy Majors so Popular in South Korea?

Jihye Kam

Global Economic Review, 2024, vol. 53, issue 4, 397-416

Abstract: Medicine and pharmacy are the most popular undergraduate majors in South Korea. Unlike in the past, when a degree from a prestigious college was prioritised regardless of the field, many students now opt for lower-selectivity colleges to pursue these majors. This study examines why students are increasingly drawn to medicine and pharmacy by estimating the returns to both college prestige and major choice. The returns to college prestige show a declining trend, discouraging students from enrolling in highly selective institutions. The findings suggest that current hiring regulations based solely on college selectivity may be ineffective in promoting equity.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/1226508X.2024.2440361 (text/html)
Access to full text is restricted to subscribers.

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:taf:glecrv:v:53:y:2024:i:4:p:397-416

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RGER20

DOI: 10.1080/1226508X.2024.2440361

Access Statistics for this article

Global Economic Review is currently edited by Kap-Young Jeong and Taeyoon Sung

More articles in Global Economic Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().