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

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  • Changhui Kang

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

Suggested Citation

  • Changhui Kang, 2004. "University Prestige and Choice of Major Field: Evidence from South Korea," Econometric Society 2004 Far Eastern Meetings 544, Econometric Society.
  • Handle: RePEc:ecm:feam04:544
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    File URL: http://repec.org/esFEAM04/up.13401.1079576870.pdf
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    References listed on IDEAS

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    1. Bratti, Massimiliano, 2002. "Does the choice of university matter?: a study of the differences across UK universities in life sciences students' degree performance," Economics of Education Review, Elsevier, vol. 21(5), pages 431-443, October.
    2. Gary A. Zarkin, 1985. "Occupational Choice: An Application to the Market for Public School Teachers," The Quarterly Journal of Economics, Oxford University Press, vol. 100(2), pages 409-446.
    3. 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 157-163, February.
    4. Siow, Aloysius, 1984. "Occupational Choice under Uncertainty," Econometrica, Econometric Society, vol. 52(3), pages 631-645, May.
    5. 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.
    6. Wise, David A, 1975. "Academic Achievement and Job Performance," American Economic Review, American Economic Association, vol. 65(3), pages 350-366, June.
    7. 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 537-587 National Bureau of Economic Research, Inc.
    8. 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.
    9. 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.
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    Cited by:

    1. Laurent Sovet & Miriam Park & Sungcheol Jung, 2014. "Validation and Psychometric Properties of Academic Major Satisfaction Scale Among Korean College Students," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(2), pages 1121-1131, November.

    More about this item

    Keywords

    University Prestige; Major Choice; South Korea; Labor-Market Outcomes;

    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; Discrete Regressors; Proportions
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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