Article 2024

Analysis of the matching effectiveness of vocational training for the unemployed: Evidence from the Republic of Korea

HI
Hwang, Inyoung
 PY
Park, Youngseok
 CC
Choe, Chung
International Labour Review
Journal · Vol. 163 · Issue 4 · pp. 631-651
Abstract

The Republic of Korea is in urgent need of vocational training to mitigate high levels of skill mismatch. This article studies the largely unexplored impact of vocational training on skill mismatch using administrative vocational training data (HRD-Net, 2016-19). We consider skill-matched employment rates (as opposed to the conventional employment rate), applying a fixed effects model to analyse their determinants. Our analysis of training course and individual characteristics as major variables indicates that training time has a significantly greater positive effect on skill-matched employment rates than on the conventional employment rate, but that the opposite is true of individual characteristics. © The authors 2024 Journal compilation © International Labour Organization 2024.

Keywords

Author Keywords

Vocational training training process inputs training-related employment rates unemployed people

Index Keywords

training Vocational education educational development skilled labor returns to education labor market unemployment South Korea employment generation
Author Affiliations
Korea Research Institute for Vocational Education and Training, Sejong, South Korea
Department of Economics, Konkuk University, Seoul, South Korea
Funding & Acknowledgements
No funding information
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