• Journal of Labour Economics
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• v.27 no.1
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• pp.1-25
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• 2004

In knowledge-based economy where the human capital has an strong compatibilities, the life cycle of technologies and skills get shorter, and the mobility of labor get greater, the role of the signal system of qualifications have greater importance. This article used the KLIPS(Korean Labor Institute Panel Study) data, and analysed the factors of the acquisition of qualifications and the employment and wage effects of the acquisition of qualifications by fixed effects logit model and random effects model. The lower school stratification acquired the more qualifications, and in the case of men the unemployed one acquired the more qualifications. The employment effects of the acquisition of qualifications are significant at first year and second year in women, but the men's of the employment effects of acquisition of qualifications are not significant. The wage effects of the acquisition of qualifications are not significant. The results of the regression suggest that in Korea the signal system of qualifications do not working, and that the qualifications in Korea need to reform.