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University Prestige and Choice of Major Field: Evidence from South Korea

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Author Info
Changhui Kang

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Abstract

Unlike previous studies on major choice of university students, this study considers a university's prestige in their choice of a major field. This study sets up an estimation model for a joint decision about where to go to university (prestigious or non-prestigious) and what major field to concentrate. The empirical model is applied to the major-choice patterns of 4-year university students in South Korea between 1981 and 2001. The study finds that a university's prestige has a significant impact on their choice of a major field of university study. When the major-choice patterns are associated with measures of future labor-market outcomes, the probability of large-firm employment (rather than the stream of future earnings) after graduation is found to play a more important role in the decisions of a major field in South Korea

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Paper provided by Econometric Society in its series Econometric Society 2004 Far Eastern Meetings with number 544.

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Date of creation: 11 Aug 2004
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Handle: RePEc:ecm:feam04:544

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Related research
Keywords: University Prestige; Major Choice; South Korea; Labor-Market Outcomes;

Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models
I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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  1. Solomon William Polachek, 1978. "Sex differences in college major," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 31(4), pages 498-508, July.
  2. Siow, Aloysius, 1984. "Occupational Choice under Uncertainty," Econometrica, Econometric Society, vol. 52(3), pages 631-45, May. [Downloadable!] (restricted)
  3. Bratti, M., 2001. "Does the choice of university matter? A study of the differences across uk universities in life sciences students' degree performance," The Warwick Economics Research Paper Series (TWERPS) 584, University of Warwick, Department of Economics. [Downloadable!]
    Other versions:
  4. Wise, David A, 1975. "Academic Achievement and Job Performance," American Economic Review, American Economic Association, vol. 65(3), pages 350-66, June. [Downloadable!] (restricted)
  5. Lewis C. Solomon, 1975. "The Definition of College Quality and Its Impact on Earnings," NBER Chapters, in: Explorations in Economic Research, Volume 2, number 4, pages 89-139 National Bureau of Economic Research, Inc. [Downloadable!]
  6. Eide, Eric & Waehrer, Geetha, 1998. "The Role of the Option Value of College Attendance in College Major Choice," Economics of Education Review, Elsevier, vol. 17(1), pages 73-82, February. [Downloadable!] (restricted)
  7. Richard B. Freeman, 1976. "A cobweb model of the supply and starting salary of new engineers," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 29(2), pages 236-248, January.
  8. Mark C. Berger, 1988. "Predicted future earnings and choice of college major," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 41(3), pages 418-429, April.
  9. Zarkin, Gary A, 1985. "Occupational Choice: An Application to the Market for Public School Teachers," The Quarterly Journal of Economics, MIT Press, vol. 100(2), pages 409-46, May. [Downloadable!] (restricted)
  10. Montmarquette, Claude & Cannings, Kathy & Mahseredjian, Sophie, 2002. "How do young people choose college majors?," Economics of Education Review, Elsevier, vol. 21(6), pages 543-556, December. [Downloadable!] (restricted)
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  11. Loury, Linda Datcher & Garman, David, 1995. "College Selectivity and Earnings," Journal of Labor Economics, University of Chicago Press, vol. 13(2), pages 289-308, April. [Downloadable!] (restricted)
  12. Blakemore, Arthur E & Low, Stuart A, 1984. "Sex Differences in Occupational Selection: The Case of College Majors," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 157-63, February. [Downloadable!] (restricted)
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