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For what it's worth: The value of co...

Ono, Hiroshi.

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For what it's worth: The value of college education in Japan.

Record Type:	Electronic resources : Monograph/item
Title/Author:	For what it's worth: The value of college education in Japan./
Author:	Ono, Hiroshi.
Description:	275 p.
Notes:	Source: Dissertation Abstracts International, Volume: 60-08, Section: A, page: 3156.
Contained By:	Dissertation Abstracts International60-08A.
Subject:	Sociology, Industrial and Labor Relations. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9943102
ISBN:	0599447826

For what it's worth: The value of college education in Japan.
Ono, Hiroshi.

For what it's worth: The value of college education in Japan. - 275 p.

Source: Dissertation Abstracts International, Volume: 60-08, Section: A, page: 3156.

Thesis (Ph.D.)--The University of Chicago, 1999.

The obsession over college prestige and the highly competitive environment of college entry in Japan suggests that college quality plays a significant role in how individuals prepare for college. College-bound high school students undergo examination hell, and typically over thirty percent will choose the ronin option, in which they spend years in addition to high school preparing for the next year's college entrance examinations. The pursuit of college quality can thus be captured as differential investments in human capital. Some persons invest in college quality more than others because they believe that these investments will be realized through higher returns.

ISBN: 0599447826Subjects--Topical Terms:

1017858
Sociology, Industrial and Labor Relations.

For what it's worth: The value of college education in Japan.
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020 $a 0599447826
035 $a (UnM)AAI9943102
035 $a AAI9943102
040 $a UnM $c UnM
100 1 $a Ono, Hiroshi. $3 1935839
245 1 0 $a For what it's worth: The value of college education in Japan.
300 $a 275 p.
500 $a Source: Dissertation Abstracts International, Volume: 60-08, Section: A, page: 3156.
500 $a Advisers: Mary Brinton; Gary Becker; Kazuo Yamaguchi.
502 $a Thesis (Ph.D.)--The University of Chicago, 1999.
520 $a The obsession over college prestige and the highly competitive environment of college entry in Japan suggests that college quality plays a significant role in how individuals prepare for college. College-bound high school students undergo examination hell, and typically over thirty percent will choose the ronin option, in which they spend years in addition to high school preparing for the next year's college entrance examinations. The pursuit of college quality can thus be captured as differential investments in human capital. Some persons invest in college quality more than others because they believe that these investments will be realized through higher returns.
520 $a Using the mean scores of the entrance examinations of the colleges attended as a measure of college quality, my analysis finds that college quality significantly improved the internal rate of return (IRR) among the sample of male college graduates in Japan. Moreover, my results suggest that ronin has no direct impact on earnings in and of itself, but only as an indirect effect through its improvement in the quality of the college attended. My results also show that the IRR with respect to ronin is one of diminishing returns. While the improvement in college quality from ronin must increase at an increasing rate (since the cost of ronin increases at an increasing rate), in reality this improvement increases at a decreasing rate. On average, the number of ronin years which maximizes the IRR is found to be somewhere between one and two years.
520 $a While assessing the true worth of college education is of obvious concern for students and their parents, equally important is the question: Who goes to college? Contrary to the meritocracy principle which maintains that the competition to enter college in Japan is open to all wishing to participate, I find that social origin factors such as parent's education and sibship size significantly affect the chances of an individual's advancing to college, and that the pathway to college resembles a tournament-like mobility where disqualified individuals are eliminated from the 'competition' as early as middle school. I also find supportive evidence that parents invest more in their son's education than their daughter's, which gives rise to differences in educational attainment between men and women in Japan.
590 $a School code: 0330.
650 4 $a Sociology, Industrial and Labor Relations. $3 1017858
650 4 $a Economics, Labor. $3 1019135
650 4 $a Education, Higher. $3 543175
690 $a 0629
690 $a 0510
690 $a 0745
710 2 0 $a The University of Chicago. $3 1017389
773 0 $t Dissertation Abstracts International $g 60-08A.
790 1 0 $a Brinton, Mary, $e advisor
790 1 0 $a Becker, Gary, $e advisor
790 1 0 $a Yamaguchi, Kazuo, $e advisor
790 $a 0330
791 $a Ph.D.
792 $a 1999
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9943102