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국회도서관 홈으로 정보검색 소장정보 검색

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동의어 포함

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Title page 1

Contents 1

Abstract 3

1. Introduction 4

2. Institutional Background 8

3. Experimental Setup 9

4. Data and Methods 14

5. Results 17

5.1. Mixed Logit Estimates and WTP 17

5.2. WTP by university major 19

5.3. WTP with interactions 21

5.4. WTP Differences by Firm Characteristics 22

6. Back of the Envelope Calculations 25

7. Conclusions 26

References 29

Appendix A: Discrete Choice Experiment 32

Appendix B: Descriptives 35

Tables 12

Table 1. Candidate attributes and levels 12

Table 2/Table 3. Mixed logit estimates and WTP for career path attributes 18

Table 3/Table 4. WTP by major program 20

Table 4/Table 5. WTP with time interactions 22

Table 5/Table 6. Individual determinants of WTP for applicant characteristics 24

Table 6/Table 7. Lifetime income differences compared to the reference group of non-studiers who traveled and worked in percent 26

Figures 13

Figure 1. Example of a Choice set 13

Figure 2. Distribution of individual-level WTP for career path attributes 23

Appendix Tables 33

Table A.1. Choice sets used in the DCE 33

Table B.1. Descriptive statistics of the sample 35

Appendix Figures 32

Figure A.1. Print version example of a German choice set including its introductory text 32

초록보기

A university degree is a risky investment because of the non-negligible risk of having to drop out of university without graduating. However, the costs of this risk are controversial, as it is often argued that even an uncertified year of study has a value in the labor market. To determine this value causally, however, alternatives to studying must also be considered, which is done here with the help of a discrete choice experiment with a representative sample of over 2,500 HR recruiters. The result is that dropping out of university with a major closely related to an advertised job leads to similar labor market outcomes as if someone had not studied at all. Without a direct link to a job, however, dropping out of university significantly reduces lifetime earnings. Furthermore, HR recruiters clearly prefer applicants who have used the years without studying for human capital accumulation in an alternative way, for example in the form of a traineeship.