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Full Description
This 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.
Contents
Contents:
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