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The effect of population aging on local school subsidies in Korea

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  • The effect of population aging on local school subsidies in Korea
  • Go, Sun
  • The Korean Economic Association


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Title The effect of population aging on local school subsidies in Korea
Similar Titles
Material Type Reports
Author(English)

Go, Sun

Publisher

[Seoul]:The Korean Economic Association

Date 2015
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Population
Social Development < Education
Holding The Korean Economic Association

Abstract

The recent growth in local school subsidies in Korea offers a chance to test the effect of population aging on public education expenditure. In the existing literature, the intergenerational conflict model suggests a negative effect, although a growing number of studies are finding theoretical and empirical evidence of a positive effect. After controlling for the district fixed effect, the analysis of the Korean data shows that the elderly population share has a significant positive effect on the local school subsidy per pupil. This result is robust after instrumenting the real proportion of the elderly population by the predicted proportion, assuming no population mobility, to handle the possible bias caused by Tiebout sorting.