Optimal levels of private tutoring investment in South Korea

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dc.contributor.authorHultberg, Patrik T.
dc.contributor.authorCalonge, David Santandreu
dc.contributor.authorChoi, Ty
dc.date.accessioned2021-05-09T08:36:31Z
dc.date.available2021-05-09T08:36:31Z
dc.date.copyright© 2021
dc.date.issued2021
dc.descriptionThis 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.2021.114364en_US
dc.description.abstractDuring 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.citationHultberg, 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.2021.114364en_US
dc.identifier.issn17595673
dc.identifier.urihttps://dx.doi.org/10.1504/IJEED.2021.114364
dc.identifier.urihttp://hdl.handle.net/20.500.12519/383
dc.language.isoenen_US
dc.publisherInderscience Publishersen_US
dc.relationAuthors 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.ispartofseriesInternational Journal of Education Economics and Development;Volume 12, Issue 2
dc.rightsPermission to reuse abstract has been secured from Inderscience Publishers
dc.rights.holderCopyright : © 2021 Inderscience Enterprises Ltd.
dc.subjectEconomic modelen_US
dc.subjectEducational expendituresen_US
dc.subjectPrivate tutoringen_US
dc.subjectSouth Koreaen_US
dc.titleOptimal levels of private tutoring investment in South Koreaen_US
dc.typeArticleen_US

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