Hultberg, Patrik; Calonge, David Santandreu; Kim, Seong-Hee - In: Cogent economics & finance 5 (2017) 1, pp. 1-16
We argue that South Korean families with children are today overinvesting in the level of education due to their high levels of expenditures on private after-school tutoring programs. This situation has evolved due to a combination of factors: a changing labor market, increasing housing and debt...