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경제성장과 교육의 공정경쟁(Economic growth and fair competition in education)

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  • 경제성장과 교육의 공정경쟁(Economic growth and fair competition in education)
  • 김세직
  • 서울대학교(경제연구소)


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Title 경제성장과 교육의 공정경쟁(Economic growth and fair competition in education)
Similar Titles
Material Type Articles
Author(Korean)

김세직

Publisher

[서울]:서울대학교(경제연구소)

Date 2014
Journal Title; Vol./Issue 경제논집:vol. 53(no. 1)
Pages 20
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Conditions
Social Development < Education
Holding 서울대학교(경제연구소)

Abstract

Having enjoyed rapid growth of 8 percent per annum for four decades, Korea has suffered precipitous declines in the GDP growth rate, accompanied by the fall in the efficiency of educational investment, since the late 1990s. This paper argues that the deceleration of economic growth and the drop in the efficiency of education may be at least partly ascribed to the failure of the country’s college entrance system in selecting applicants with better potential. The data suggests that the students attending special high schools such as foreign language high schools or science high schools in Seoul, whose tuition is very expensive, have more than 15 times greater chance of entering Seoul National University (the top university in Korea) compared to those who attend ordinary high schools. Even among the ordinary high schools in Seoul, the chance of entering Seoul National University differs markedly depending on the location of the school, by a factor of 10 between the richest and the poorest district. This suggests that the probability of a student’s entering top universities in Korea may be greatly affected by the factors that depend on the wealth of his or her parents, for example, the amount of resources that is spent on private education. As a result, students with wealthy parents but less potential, instead of poor students with high potential, might be slected by the top universities and matched later to high productivity jobs, which results in an inefficient allocation of human resources. Given the circumstances, a policy of promoting fair competition in education that minimizes the effect of parents’ wealth on students’ chance of entering prestigious colleges is needed for the country to regain efficiency of human capital allocation and economic growth.