Abstract
The aim of this study is to analyse the relationship between technological change and the educational wage premium in Korea. The main findings are as follows. First, the changes in educational wage premium were mostly affected by shifts in the supply of college graduates from 1983 to 1993 while the changes were affected more by the shifts in labour demand from 1993 to 2000. Second, the educational wage premium is greater in the industries with rapid technological change than in the industries with slower technological change. Third, the educational wage premium associated with the technological change is mostly explained by the returns to worker's unobserved heterogeneities, which is correlated with education, rather than the returns to education per se. Finally, there are some evidences that skill biased technologies are developed as the number of skilled workers are increasing.
| Original language | English |
|---|---|
| Pages (from-to) | 119-131 |
| Number of pages | 13 |
| Journal | Applied Economics |
| Volume | 37 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2005 Jan 20 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
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Technological change and wage premium in a small open economy : The case of Korea. / Choi, Kang Shik; Jeong, Jinook.
In: Applied Economics, Vol. 37, No. 1, 20.01.2005, p. 119-131.Research output: Contribution to journal › Article
TY - JOUR
T1 - Technological change and wage premium in a small open economy
T2 - The case of Korea
AU - Choi, Kang Shik
AU - Jeong, Jinook
PY - 2005/1/20
Y1 - 2005/1/20
N2 - The aim of this study is to analyse the relationship between technological change and the educational wage premium in Korea. The main findings are as follows. First, the changes in educational wage premium were mostly affected by shifts in the supply of college graduates from 1983 to 1993 while the changes were affected more by the shifts in labour demand from 1993 to 2000. Second, the educational wage premium is greater in the industries with rapid technological change than in the industries with slower technological change. Third, the educational wage premium associated with the technological change is mostly explained by the returns to worker's unobserved heterogeneities, which is correlated with education, rather than the returns to education per se. Finally, there are some evidences that skill biased technologies are developed as the number of skilled workers are increasing.
AB - The aim of this study is to analyse the relationship between technological change and the educational wage premium in Korea. The main findings are as follows. First, the changes in educational wage premium were mostly affected by shifts in the supply of college graduates from 1983 to 1993 while the changes were affected more by the shifts in labour demand from 1993 to 2000. Second, the educational wage premium is greater in the industries with rapid technological change than in the industries with slower technological change. Third, the educational wage premium associated with the technological change is mostly explained by the returns to worker's unobserved heterogeneities, which is correlated with education, rather than the returns to education per se. Finally, there are some evidences that skill biased technologies are developed as the number of skilled workers are increasing.
UR - http://www.scopus.com/inward/record.url?scp=12344309345&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=12344309345&partnerID=8YFLogxK
U2 - 10.1080/0003684042000290147
DO - 10.1080/0003684042000290147
M3 - Article
AN - SCOPUS:12344309345
VL - 37
SP - 119
EP - 131
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 1
ER -