Optimal levels of private tutoring investment in South Korea

dc.contributor.author Hultberg, Patrik T.
dc.contributor.author Calonge, David Santandreu
dc.contributor.author Choi, Ty
dc.date.accessioned 2021-05-09T08:36:31Z
dc.date.available 2021-05-09T08:36:31Z
dc.date.copyright © 2021
dc.date.issued 2021
dc.description This article is not available at CUD collection. The version of scholarly record of this article is published in International Journal of Education Economics and Development (2021), available online at: https://dx.doi.org/10.1504/IJEED.2021.114364 en_US
dc.description.abstract During the past several decades, South Korea has transformed itself into an international educational powerhouse. The rapid economic and social achievements have largely been attributed to intentional government-regulated education plans and policies. However, since the 1960s, a powerful parallel for-profit private tutoring sector (hagwons) has emerged with significant effect on families. The main aim of this study is twofold: to model how Korean households decide on the level of investment in private tutoring and to explore whether the current amounts of such investment seem optimal across various income levels, an issue which, to date, has received scant attention in the research literature. This exploratory investigation takes the form of a two-period life-cycle model that provides a framework in which to discuss household private tutoring investment decisions. © 2021 Inderscience Enterprises Ltd. en_US
dc.identifier.citation Hultberg, P. T., Calonge, D. S., & Choi, T. (2021). Optimal levels of private tutoring investment in South Korea. International Journal of Education Economics and Development, 12(2), 97-115. https://dx.doi.org/10.1504/IJEED.2021.114364 en_US
dc.identifier.issn 17595673
dc.identifier.uri https://dx.doi.org/10.1504/IJEED.2021.114364
dc.identifier.uri http://hdl.handle.net/20.500.12519/383
dc.language.iso en en_US
dc.publisher Inderscience Publishers en_US
dc.relation Authors Affiliations : Hultberg, P.T., Department of Economics and Business, Kalamazoo College, 1200 Academy Street, Kalamazoo, MI 49009, United States; Calonge, D.S., Faculty of Communication, Arts and Sciences, Canadian University Dubai, 1st Interchange, Sheikh Zayed Road, Dubai, United Arab Emirates; Choi, T., College of Economics and Business, Hankuk University of Foreign Studies, Global Campus, 81, Oedae-ro, Mohyeon-eup, Cheoin-gu, Yongin-si, Gyeonggi-do, 17035, South Korea
dc.relation.ispartofseries International Journal of Education Economics and Development;Volume 12, Issue 2
dc.rights Permission to reuse abstract has been secured from Inderscience Publishers
dc.rights.holder Copyright : © 2021 Inderscience Enterprises Ltd.
dc.subject Economic model en_US
dc.subject Educational expenditures en_US
dc.subject Private tutoring en_US
dc.subject South Korea en_US
dc.title Optimal levels of private tutoring investment in South Korea en_US
dc.type Article en_US
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