The ‘Stop-out’ Experience and the Labor Market Performance
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Many Korean college students choose to take short ‘stop-out’ from school to postpone their graduation until they are successful in getting a job. Many studies showed that more college students choose to stop-out but there is not much research on whether the stop-out experience will help graduates enter the labor market. This research will study the effect of temporary ‘stop-out’ experience in college on the performance in the labor market after graduation and find the importance of setting employment targets. The data observations are the 10,016 young graduates (15-29 years old) from four-year universities who graduated in 2015 from 2015GOMS data. Analysis models are various such as OLS models and order probit models. To sum up the main results, the clearer the motivation for taking a temporary ‘stop-out’, the greater the achievement in the labor market. In addition, there is a very positive and significant effect on employment when there is clear employment goal in college life. If there are clear job goals during college life, they will be very active in finding jobs and perform well in the labor market.
Abstract
Many Korean college students choose to take short ‘stop-out’ from school to postpone their graduation until they are successful in getting a job. Many studies showed that more college students choose to stop-out but there is not much research on whether the stop-out experience will help graduates enter the labor market. This research will study the effect of temporary ‘stop-out’ experience in college on the performance in the labor market after graduation and find the importance of setting employment targets. The data observations are the 10,016 young graduates (15-29 years old) from four-year universities who graduated in 2015 from 2015GOMS data. Analysis models are various such as OLS models and order probit models. To sum up the main results, the clearer the motivation for taking a temporary ‘stop-out’, the greater the achievement in the labor market. In addition, there is a very positive and significant effect on employment when there is clear employment goal in college life. If there are clear job goals during college life, they will be very active in finding jobs and perform well in the labor market.
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