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A Study on Regional Return to Education in South Korea: Comparison of Male and Female Wages

Author

Listed:
  • JongSoo Lee

    (Department of Economics, University of Kansas)

  • Bit Na Choi

    (The Department of Mathematics and Statistics, The University of New Hampshire, Durham, New Hampshire)

Abstract

This study examines the return to education in South Korea by comparing metropolitan areas with non-metropolitan areas. It utilizes the Korean Labor and Income Panel Study from 2018 and 2019 for analysis, alongside the Mincer equation. The findings indicate that female workers have a higher return to education compared to male workers. The Oaxaca decomposition method reveals that private academies contribute to increasing differential treatment between men and women, whereas public education reduces the gap. Additionally, the regression discontinuity design method shows that the university premium is significantly different by region.

Suggested Citation

  • JongSoo Lee & Bit Na Choi, 2023. "A Study on Regional Return to Education in South Korea: Comparison of Male and Female Wages," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202407, University of Kansas, Department of Economics, revised Apr 2024.
    • Handle: RePEc:kan:wpaper:202407
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    File URL: http://www2.ku.edu/~kuwpaper/2024Papers/202407.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Human capital; Regional return to education; Oaxaca decomposition; Regression discontinuity design.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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