How do family background and shadow education affect academic performance and labour market outcomes in South Korea? Reasons for redistributive social investment
This chapter aims to explore the role of education and social investment, with special attention on the effects of shadow education on social mobility in Korea. It analyses how family background and shadow education influence educational attainment and, subsequently, how educational attainment affects incomes, using data from the Korea Education and Employment Panel (KEEP). Since this 'broken social elevator' is not a problem faced only by Korea — most OECD (Organisation for Economic Co-operation and Development) countries have 'sticky ceilings' and 'sticky floors' — the chapter then discusses the direction social investment policies should take to reboot social mobility. It argues that in order to minimise the effects of family background on educational attainment and labour market outcomes, social investment policies should actively play a redistributive role.