Please use this identifier to cite or link to this item:
Title: Cognitive ability and returns to schooling in South Korea.
Authors: Leong, Amy Cui Yu.
Li, Jie Min.
Wong, Seng Sing.
Keywords: DRNTU::Social sciences::Economic development::Korea
DRNTU::Social sciences::Economic theory::Microeconomics
DRNTU::Social sciences::Education
Issue Date: 2010
Abstract: The objective of this paper is to exploit the unique information on cognitive ability contained in the International Adult Literacy Survey (IALS) data for South Korea, for an in depth examination of the importance of cognitive skills for male employees in South Korea using a quantile regression methodology which allows for an interaction between schooling and cognitive skills. South Korea’s results is the pioneer of IALS survey executed in Asia, and its education system is reputed to be one of the most competitive worldwide having stringent entry requirements into university admissions. Inclusion of the direct measure of cognitive ability reduces returns to schooling by about 8 percent, while one standard deviation in the achievement score only increases earning by about 7 percent. Education remains a robust signal in the labour market across the quantiles. However, for those with the lowest earnings/ability quantile, both education qualifications and cognitive ability contribute to earnings; while those at the high quantiles (higher unobserved ability) benefit much more from acquiring more schooling, and from the interaction of schooling and cognitive ability. The results from this paper have many implications for further research to be discussed.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)

Files in This Item:
File Description SizeFormat 
  Restricted Access
411.01 kBAdobe PDFView/Open

Google ScholarTM


Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.