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College Majors in Limited Supply: The Case of Private Universities in Korea

한요셉
한국경제학회 (The Korean Economic Association)|2022.07|The Korean Economic Review|제38권 제3호|pp. 381-414|DOI 10.22841/kerdoi.2022.38.3.002

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참고문헌

키워드

고등교육Higher Education대학 전공College Major사립대학Private UniversitiesEnrollment RegulationSupply Side정원 규제공급 측면
주제분류경제학

초록

The distribution of college majors often shows signs of rigidity despite evident changes in the world of work. As a possible explanation for the distribution rigidity in the Republic of Korea, this study focuses on supply-side restrictions, specifically a region-based cap on university enrollment. Using the national-level demand change for each major as an instrument for program-level demand change, this study finds a systematic difference between regulated and unregulated private universities in the responsiveness of program size to student demand. Analyses using sharp changes in regulatory status confirm that the enrollment regulation slows internal adjustments, showing the need for regulatory reform.

Abstract

The distribution of college majors often shows signs of rigidity despite evident changes in the world of work. As a possible explanation for the distribution rigidity in the Republic of Korea, this study focuses on supply-side restrictions, specifically a region-based cap on university enrollment. Using the national-level demand change for each major as an instrument for program-level demand change, this study finds a systematic difference between regulated and unregulated private universities in the responsiveness of program size to student demand. Analyses using sharp changes in regulatory status confirm that the enrollment regulation slows internal adjustments, showing the need for regulatory reform.

참고문헌 (39)

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