Social returns to college education: evidence from South Korean college education

摘要

This article investigates a positive college education externality in South Korea. Using a simple Cobb-Douglas-type Constant Returns to Scale (CRS) production function with South Korean educational data, we find that there are positive spillover effects from tertiary education in South Korea. According to our model prediction, new college graduates increase the income per worker without college education by approximately US$1000 in 2008.View full textDownload full textKeywordsexternality, spillover effects, tertiary education, human capitalJEL ClassificationI2, J0, E2Related var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/13504851.2012.654907