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Mismatches in the Labor Market for College Graduates: Focusing on Field-of-Study Choice

페이스북
커버이미지
  • 저자 한요셉(韓요셉)
  • 발행일 2020/06/09
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요약 □ The intense major-occupation mismatch is attributed to difficulties in adjusting admission quotas within universities, insufficient labor-market information at the department level, and uniform timing of decisions on college majors. To cope with the rapidly changing technological and industrial landscapes, efforts are needed to make meaningful improvements in quota regulation, career education, and university-level curricula.

- The accelerating pace of progress in technology and industry has highlighted the need for change.

- The mismatch between occupation and major in Korea nears 50%, the highest among the surveyed OECD members.

- Total student quotas for universities in the capital-region serve as a significant constraint on the adjustment of quotas for respective majors.

- The gap in income and stability resulting from student quotas for special majors has incurred a herd behavior towards certain majors.

- The expected income of freshmen from four-year universities is similar to the actual average income of graduates, but this masks heterogeneity across college majors.

- Many students struggle with regret over their forced decision between liberal arts and natural sciences in high school and their major in university.

- A partial lift of the enrollment control is needed for capitalregion universities while regular reexaminations are conducted of the appropriateness of student quotas for special majors.

- To reinforce career education, a semester dedicated to careers is needed on a more substantial scale. In addition, more teachers should be assigned, and information on the performance of the labor market at a department level should be provided.

- Policies concerning the timing of college major choices must give proper consideration to both students who decide on their career path early and those who remain undecided.

- Under the principle of autonomy, more encouragement is needed to broaden college major choices.
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