earticle

영어

The purpose of this study is to investigate the wage gap by the education standards and productivity gap in Korea. The empirical findings are as follows; 1. The estimated earning function shows as follows. First, the wage gaps for each education level are observed significantly, because the higher education level means to get more earnings. 2. The gender wage gap in higher education level is lower. 3. The wage gap by discrimination has not reduced and furthermore takes a larger part of gender wage gap, particularly in lower education level. According to Human Capital Theory, the differentials of human capital investments result in productivity gap which affects individuals' income. Therefore, it can be explained that an individual in the higher education level earns more than in the lower education level because of productivity differences between men and women. These empirical results support Human Capital Theory.