Photo Source: Pixabay.com

Photo Source: Pixabay.com

The Effects of High School Curriculum on Youth Labor Market

With Keunkwan Ryu 

In 2000, the Korean government enforced a less challenging high school curriculum called the public 7th curriculum. The most notable change was reduced difficulty in mathematics. This quasi-experiment was found to cause 7th-curriculum students in the science/engineering track to earn on average a 5.27% lower monthly wages than 6th-curriculum students. Since there was no selection bias between the two groups, the most likely explanation for this reduction is the loosening of the high school curriculum and the resulting lower accumulation of human capital, in particular for science/engineering track students.

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