The demand for education has continually grown and also the private shooling expenditure has been a burden to the household in Korea.
So that, this study is analyzed from the economic views point of the education by means of private schooling expen...
The demand for education has continually grown and also the private shooling expenditure has been a burden to the household in Korea.
So that, this study is analyzed from the economic views point of the education by means of private schooling expenditure between 1965 and 1984.
And the results are summarized as follows.
First, the marginal economic gains as influenced by private scooling expenditure is about 4.04 for farm households and 4.66 for non-farm households.
compareing the incoms of farm households with those of non-farm households, we can see that non-farm households incoms were 4.82% lower
Second, with respect to the internal rate of returns classified by each family, the difference is seen to be 0.489 between farm households and non-farm households; non-farm households show 104.89% compared with 100% farm households.
The burden of private schooling expenditure, if we compare the income of non-farm households with that of farm households, is more toward non-farm households that to farm households by 5.62%
Third, with respect to the demand for education according to the farm and non-farm households, when income and private schooling expenditure ar eanalyzed simultaneously, the elasticity of demand for education is show to be 0.1934 fo farm households, 0.1308 for non-farm househods.
On the basis of the present analysis, the increase of demand for eucation in the future will be higher in the farm households than non-farm households and private shooling expenditures of farm households will alsoincrease more that of non-farm households.
And so, family in Korean will have choice but to accept the burden of additional private schooling expenditure in the future.