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Analysis Of Job-Training Effects On Korean Women, Myoung-Jae Lee, S. J. Lee
Analysis Of Job-Training Effects On Korean Women, Myoung-Jae Lee, S. J. Lee
Research Collection School Of Economics
We analyse job-training effects on Korean women for the period January 1999 to March 2000, using a large data set of size about 52,000. We employ a number of estimation techniques: Weibull MLE and accelerated failure time approach, which are both parametric; Cox partial likelihood estimator, which is semiparametric; and two pair-matching estimators, which are in essence nonparametric. All of these methods gave the common conclusion that job training for Korean women increased their unemployment duration. The trainings were not cost-effective in the sense that they took too much time 'locking in' the trainees during the training span, compared with …
Education, Technological Progress And Economic Growth, Winston T. H. Koh, Hing-Man Leung
Education, Technological Progress And Economic Growth, Winston T. H. Koh, Hing-Man Leung
Research Collection School Of Economics
An important role of education – and the resultant accumulation of human capital – for a less-developed economy is to facilitate technology diffusion in order for it to catch up with developed economies. This paper presents a model linking education, the accumulation of physical capital and technological progress. In the model, investment in education and the accumulation of physical capital are complementary, and intertwine with the technology progress through related effects on technology diffusion and the expansion of the technology frontier. The allocation of effort to education, the optimal savings rate and the technology gap are endogenously determined in the …