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지방자치단체를통한 교육재원 조달 연구(A study on local primary and secondary school finance in Korea)

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  • 지방자치단체를통한 교육재원 조달 연구(A study on local primary and secondary school finance in Korea)
  • 고선; 김진영
  • 한국조세연구원


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Title 지방자치단체를통한 교육재원 조달 연구(A study on local primary and secondary school finance in Korea)
Similar Titles
Material Type Reports
Author(Korean)

고선; 김진영

Publisher

서울:한국조세연구원

Date 2010-12
Pages 229
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Financial Policy
Social Development < Education
Holding 한국조세연구원

Abstract

Korean local governments have recently increased voluntary investment in local primary and secondary schools. To better understand local school finance, we need to investigate how the interests of local residents are associated with investment in local schools. Though per-pupil funding for primary and secondary schools is highly equalized in Korea, the levels of school inputs and outputs vary considerably within and across localities. This allows us to analyze the effect of school characteristics on the local residential property values. The regression results show that many school characteristics are indeed capitalized into the sale and rental price of the apartments in the neighborhood. The empirical findings here imply that a marginal increase in investment in local schools can raise local residential property values while improving school quality.