한국의 고등교육시장과 전문대학
Technical colleges in Korea have rapidly expanded in line with the transformation of the Korean economy toward more knowledge-based economy. The size of the first-year student body in technical colleges has recently become almost equivalent to that of four-year universities. We build a comprehensive data set on the Korean higher education and try to understand how two-year technical colleges compete with private and public four-year universities in Korea. Our major empirical findings are as follows.
First, There are twenty three technical colleges whose entering students are above average in test scores. And, given the high premium of higer educational institutions locating in Seoul area, technical colleges in Seoul turned out to be recruiting students whose test scores are higher than those entering private four-year universities in local areas other than Seoul, if other things are equal.
Second, except for twenty one technical colleges, most technical colleges are "commercial" nonprofit institutions because net tuition (tuition minus scholarship) is higher than expenditure per students. Donation or income from endowment in technical colleges are much smaller than that in four-year universities.
Third, amongst commercial nonprofit higher education institutions, technical colleges which locates in Kyung-Ki Province surrounding Seoul could outcompete private four-year colleges in local areas other than Kyung-Ki and Seoul. Also, increase in expenditure per student helps raise the ranking of the technical college within the pecking order among higher education institutions. In addition, high levels of tuition strongly signals better colleges amongst commercial nonprofit colleges in Korea.
Fourth, the hierarchy among technical colleges is strongly affected by the region (there is very high Seoul and Kyung-Ki premium) where they locate. Interestingly, unlike four-year universities, it is affected neither by the size of the college nor by the amount of donation nor by the student-faculty ratio.
Click the button and follow the links to connect to the full text. (KDI CL members only)
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.