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gguh

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segd

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Even if they have abilitias i practical working , the process of taki decission, deal with changes in

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However, lower relative wages need not be the case if demand for tertiary graduates is also rising. If, for whatever reason, employers demand more tertiary graduates then the expansion may not cause a fall in the wage premium that graduates receive. In fact, if demand is increasing faster than supply, the wage premium can increase, i.e. although the number of graduates is rising, graduate-level jobs are increasing at a faster rate and so are commensurate with a higher relative wage. This is shown in Figure 2: keeping the relative supply curve fixed (schedule S1) but allowing for such a relative demand shift by moving the demand curve to the right (from D0 to D1). In this case, the relative demand shift outweighs the supply shift and the relative wage rises above the initial level to relative wage level (WG/WN) 2. In this example, the relative wages and employment levels of tertiary graduates are higher after the expansion. An intuitive way of thinking about this supply demand approach is in terms of an economic model where the wages and employment of graduates and non-graduates are the outcomes of a race between supply and demand. That is, demand and supply curves are shifting and the question is which curve has moved the most. In the example of Figure 2, to have generated simultaneously higher wages and employment for the skilled, relative demand must have increased by more than relative supply.

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Starting from a position whether the demand for and supply of graduates are equalised, a boost in the supply of graduates should, ceteris paribus, lead to a reduction in the wage premium because employers have a wider range of similarly qualified people to choose from  -------------
https://www.oecd.org/edu/ceri/38038265.pdf

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Korea has been complimented by many in the international community for its educational accomplishments. The academic achievement of Korean students has ranked at the top for more than a decade on international academic assessments such as the PISA (Figure 3). Moreover, data shows that Korean students achieve high scores in academic achievement and 11 educational opportunity and equity (Figure 1-2). It is also notable that Korea belongs to the group of countries whose students’ scores in academic assessments as well as levels of equity in education have improved during the last decade (Figure 3)

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taken of IDB:
Skills for Work: The Development and Expansion of the Higher Education Sector in the Republic of Korea.------ Knowledge Sharing Forum on Development Experiences: Comparative Experiences of Korea and Latin America and the Caribbean
----------------- Heejin Park Jeung Yun Choi Jong Hyeok Yun Jae-Eun Chae }}}}}}}}}}}

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http://www.koreaneducentreinuk.org/wp-content/uploads/downloads/Education_the-driving-force-for-the-development-of-Korea.pdf

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oversupply rofessionals--> see Korea specializaton

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SHORT CYCLE EDUCATION IS NOT ENOUGH TO DEAL WITH CURRENT CHALLENGES.

challenges. Post conflict
Macro trends: demografic shift mart cties and better transportation, better production systems, new businesses, infraesructure urban , new energies.
Sustainability
Social equality