Edited by David Neumark, Department of Economics, University of California, Irvine, US, Yong-seong Kim, Professor, Korea University of Technology and Education, South Korea and Sang-Hyop Lee, Senior Fellow, East-West Center and Professor, Department of Economics, University of Hawaii at Manoa, US

‘In this edited volume, leading scholars in Korea and the United States provide a rich resource for the application of human capital theory and policy in both developed and developing countries. The Korean experience featured in this book will benefit experts, policymakers, and eventually, the next generation around the world.’

• Contents:Foreword by Jeong Pyo Choi ix1 Introduction to Human Capital Policy 1David Neumark, Yong-seong Kim and Sang-Hyop LeePART I EDUCATION REFORM ISSUES2 Intergenerational mobility and the role of education in Korea 12Hisam KimPART II ISSUES IN HIGHER EDUCATION3 Restructuring universities in Korea 55Jaehoon Kim4 An economist’s perspective on student loans in the UnitedStates 84Susan M. Dynarski5 Korea’s college loan program 103Sungmin HanPART III HUMAN CAPITAL INPUTS AND OUTCOMES6 Parental information and human capital formation 122Flávio Cunha7 US charter schools as a test of the theory of school choice 141Julian R. Betts8 Does private school make a difference? Evidence fromautonomous private high school policy in Korea 164Yoonsoo ParkPART IV HUMAN CAPITAL AND THE LABOR MARKET9 Building labor market skills among disadvantaged US workers:four-year college degrees and alternatives 193Harry J. Holzer10 Effects of human capital on technology intensity in the OECDmanufacturing sector 211WooRam Park11 Intragenerational income mobility in Korea since 2000 233Yong-seong KimIndex 255

Edited by David Neumark, Department of Economics, University of California, Irvine, US, Yong-seong Kim, Professor, Korea University of Technology and Education, South Korea and Sang-Hyop Lee, Senior Fellow, East-West Center and Professor, Department of Economics, University of Hawaii at Manoa, US

‘In this edited volume, leading scholars in Korea and the United States provide a rich resource for the application of human capital theory and policy in both developed and developing countries. The Korean experience featured in this book will benefit experts, policymakers, and eventually, the next generation around the world.’

• Contents:Foreword by Jeong Pyo Choi ix1 Introduction to Human Capital Policy 1David Neumark, Yong-seong Kim and Sang-Hyop LeePART I EDUCATION REFORM ISSUES2 Intergenerational mobility and the role of education in Korea 12Hisam KimPART II ISSUES IN HIGHER EDUCATION3 Restructuring universities in Korea 55Jaehoon Kim4 An economist’s perspective on student loans in the UnitedStates 84Susan M. Dynarski5 Korea’s college loan program 103Sungmin HanPART III HUMAN CAPITAL INPUTS AND OUTCOMES6 Parental information and human capital formation 122Flávio Cunha7 US charter schools as a test of the theory of school choice 141Julian R. Betts8 Does private school make a difference? Evidence fromautonomous private high school policy in Korea 164Yoonsoo ParkPART IV HUMAN CAPITAL AND THE LABOR MARKET9 Building labor market skills among disadvantaged US workers:four-year college degrees and alternatives 193Harry J. Holzer10 Effects of human capital on technology intensity in the OECDmanufacturing sector 211WooRam Park11 Intragenerational income mobility in Korea since 2000 233Yong-seong KimIndex 255

Edited by David Neumark, Department of Economics, University of California, Irvine, US, Yong-seong Kim, Professor, Korea University of Technology and Education, South Korea and Sang-Hyop Lee, Senior Fellow, East-West Center and Professor, Department of Economics, University of Hawaii at Manoa, US

‘In this edited volume, leading scholars in Korea and the United States provide a rich resource for the application of human capital theory and policy in both developed and developing countries. The Korean experience featured in this book will benefit experts, policymakers, and eventually, the next generation around the world.’

• Contents:Foreword by Jeong Pyo Choi ix1 Introduction to Human Capital Policy 1David Neumark, Yong-seong Kim and Sang-Hyop LeePART I EDUCATION REFORM ISSUES2 Intergenerational mobility and the role of education in Korea 12Hisam KimPART II ISSUES IN HIGHER EDUCATION3 Restructuring universities in Korea 55Jaehoon Kim4 An economist’s perspective on student loans in the UnitedStates 84Susan M. Dynarski5 Korea’s college loan program 103Sungmin HanPART III HUMAN CAPITAL INPUTS AND OUTCOMES6 Parental information and human capital formation 122Flávio Cunha7 US charter schools as a test of the theory of school choice 141Julian R. Betts8 Does private school make a difference? Evidence fromautonomous private high school policy in Korea 164Yoonsoo ParkPART IV HUMAN CAPITAL AND THE LABOR MARKET9 Building labor market skills among disadvantaged US workers:four-year college degrees and alternatives 193Harry J. Holzer10 Effects of human capital on technology intensity in the OECDmanufacturing sector 211WooRam Park11 Intragenerational income mobility in Korea since 2000 233Yong-seong KimIndex 255