Description
Book SynopsisThis timely book evaluates international human capital policies, offering a comparative perspective on global efforts to generate new ideas and novel ways of thinking about human capital. Examining educational reforms, quality of education and links between education and socio-economic environments, chapters contrast Western experiences and perspectives with those of industrializing economies in Asia, focusing particularly on Korea and the USA.
Contributors analyse trends in Korean education, including state, charter and private education, higher education and student loans and debt, and provide policy prescriptions for the improvement of higher education financing in the USA. Offering theoretical insights into the relationship between socio-economic and educational benefits for children and young people, and human capital formation, further chapters consider recent empirical evidence on disadvantaged people in the USA, before broadening the scope of analysis to consider the effects of human capital on industrial structure and productivity among OECD countries.
Providing a unique and incisive understanding of human capital formation in the context of education, this book lays out guidance to scholars and researchers of human capital, particularly those concentrating on policies in Korea and the USA. It will also be useful to policymakers involved in economic and education policy.
Trade Review‘In this edited volume, leading scholars in Korea and the United States provide a rich resource for the application of human capital theory and policy in both developed and developing countries. The Korean experience featured in this book will benefit experts, policymakers, and eventually, the next generation around the world.’ -- - Jin-Yeong Kim, Konkuk University, Korea
‘Education drives economic growth and social and economic mobility. This excellent volume collects original, insightful essays from leading American and Korean policy economists, focusing on education and its contributions to wellbeing. It offers many insights drawn from careful analyses of the Korean experience augmented with evidence from the U.S. and OECD.’ -- - John Karl Scholz, University of Wisconsin-Madison, US
Table of ContentsContents: Foreword by Jeong Pyo Choi ix 1 Introduction to Human Capital Policy 1 David Neumark, Yong-seong Kim and Sang-Hyop Lee PART I EDUCATION REFORM ISSUES 2 Intergenerational mobility and the role of education in Korea 12 Hisam Kim PART II ISSUES IN HIGHER EDUCATION 3 Restructuring universities in Korea 55 Jaehoon Kim 4 An economist’s perspective on student loans in the United States 84 Susan M. Dynarski 5 Korea’s college loan program 103 Sungmin Han PART III HUMAN CAPITAL INPUTS AND OUTCOMES 6 Parental information and human capital formation 122 Flávio Cunha 7 US charter schools as a test of the theory of school choice 141 Julian R. Betts 8 Does private school make a difference? Evidence from autonomous private high school policy in Korea 164 Yoonsoo Park PART IV HUMAN CAPITAL AND THE LABOR MARKET 9 Building labor market skills among disadvantaged US workers: four-year college degrees and alternatives 193 Harry J. Holzer 10 Effects of human capital on technology intensity in the OECD manufacturing sector 211 WooRam Park 11 Intragenerational income mobility in Korea since 2000 233 Yong-seong Kim Index 255
