Estimating the university prestige effect in South Korea's labor market

Dongsook Han, Kwangbin Bae, Hosung Sohn

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

This study investigates whether there exists a "University Prestige" effect in South Korea's labor market by using the Korean Labor and Income Panel Data. To estimate the degree of this effect, this study employed the unique empirical strategy, the residual analysis. The findings indicate that a university prestige effect exists on earnings, with the wage premium for the "name" of Seoul National University worth more than twice those of Korea and Yonsei Universities. The prestige effect for Seoul National University results in wages that are, on average, 12% higher than that of other universities.

Original languageEnglish
Pages (from-to)383-396
Number of pages14
JournalKEDI Journal of Educational Policy
Volume9
Issue number2
StatePublished - 2012

Keywords

  • Labor market
  • Residual analysis
  • University prestige effect
  • University quality
  • Wage differentials

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