During the period from 2008 to 2013, Korea pushed ahead with education diversification reforms to overcome the education bubble which immensely increased private tutoring expenditure and produced college graduates receiving lower wages than high school graduates. Private tutoring expenditure...

We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we...

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

Contents: Foreword -- Introduction -- 1. Accumulating human capital for sustainable development -- 2. Education bubble and widening inequality -- 3. Making education diversification reform happen -- 4. Turning around failing vocational high schools -- 5. Deteriorating skills and weak life-long...