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

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  • 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)

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.

Suggested Citation

  • Youngjin Woo & Euijune Kim, 2020. "Analyzing Determining Factors of Young Graduates’ Decision to Stay in Lagged Regions," Sustainability, MDPI, vol. 12(8), pages 1-10, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:8:p:3094-:d:344602
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    References listed on IDEAS

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    1. Semiv, Sergiy & Berezivskiy, Yaroslav & Baranyak, Ihor & Mulska, Olga & Ivaniuk, Ulana, 2021. "Priorities and tools of regulation of external migration in the Carpathian region of Ukraine," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(2), June.
    2. Matías Mayor & Raul Ramos, 2020. "Regions and Economic Resilience: New Perspectives," Sustainability, MDPI, vol. 12(11), pages 1-4, June.
    3. Vasyltsiv, Taras & Lupak, Ruslan & Kunytska-Iliash, Marta & Levytska, Olha & Mulska, Olha, 2020. "Інструменти Регіональної Політики Збереження Людського Ресурсу Засобами Регулювання Зовнішньої Міграції Молоді Сільських Територій Карпатського Регіону," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3), September.

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