Education policy in South Korea: A contemporary model of human capital accumulation?

@inproceedings{Hultberg2017EducationPI,
  title={Education policy in South Korea: A contemporary model of human capital accumulation?},
  author={Patrik T. Hultberg and David Santandreu Calonge and Seong-Hee Kim},
  year={2017}
}
We argue that South Korean families with children are today overinvesting in the level of education due to their high levels of expenditures on private after-school tutoring programs. This situation has evolved due to a combination of factors: a changing labor market, increasing housing and debt payments, as well as an educational “arms race” among Korean families with children. These changes are exacerbating both economic and social issues in Korean society, but are increasingly difficult to… CONTINUE READING

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