Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261165 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] KDI Journal of Economic Policy [ISSN:] 2586-4130 [Volume:] 44 [Issue:] 2 [Publisher:] Korea Development Institute (KDI) [Place:] Sejong [Year:] 2022 [Pages:] 29-44
Publisher: 
Korea Development Institute (KDI), Sejong
Abstract: 
This study compares the wage equation in Korea to those in other countries, focusing on the wage returns to adult education and training (AET) participation. It is found that the wage compensation structure in Korea is associated mainly with job characteristics such as tenure and workplace size rather than with worker characteristics such as AET participation and cognitive abilities. It is also found that Korea's AET participation is skewed toward non-job-related AET, relative to the situations in other countries. These findings imply that the link between a worker's productivity and wage shou ld be strengthened in order to incentivize workers to invest in AET relevant to the labor market.
Subjects: 
Adult Education and Training
Lifelong Learning
Wage Education
Skills
JEL: 
J24
J31
P46
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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