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  • P-ISSN 2586-2995
  • E-ISSN 2586-4130

KDI Journal of Economic Policy. Vol. 44, No. 2, May 2022, pp. 29-44

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Does Learning Matter for Wages in Korea? International Comparison of Wage Returns to Adult Education and Training


Author & Article History

Manuscript received 10 March 2022; revision received 26 March 2022; accepted 26 April 2022.


This study compares the wage equation in Korea to those in other countries, focusing on the wage returns to adult education and training (AET) participation. It is found that the wage compensation structure in Korea is associated mainly with job characteristics such as tenure and workplace size rather than with worker characteristics such as AET participation and cognitive abilities. It is also found that Korea’s AET participation is skewed toward non-job-related AET, relative to the situations in other countries. These findings imply that the link between a worker’s productivity and wage should be strengthened in order to incentivize workers to invest in AET relevant to the labor market.


Adult Education and Training, Lifelong Learning, Wage Education. Skills

JEL Code

J24, J31, P46

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