전문대학 교육투자 수익률의 시계열 추세

다국어 초록 (Multilingual Abstract)

This paper analyzes the long-term trends of the rates of return on investments in 2-year vocational education for the past three decades from 1980 to 2010. The raw data of Survey on Wage Structure examined by Ministry of Labor and Statistical Yearbook of Education published by Korean Educational Development Institute are used in the analysis. The Results show that the rate of return on investments in vocational education has continued to be decreased in this period. Especially in the male youth group aged 25-34, the rate of return has reached to just 0% after 1990s. This phenomena can be attributed to the fact that the labor supply has exceeded the demand as the number of university graduates has rapidly increased since 1980s.

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