Korea's birthrate could have been 28% higher without private education competition
A study has confirmed that Korea's fierce competition over private education is one of the factors contributing to the country's low birthrate. The study found that parents tend to increase spending on private education as they compare their children's academic achievements with those of other families. The resulting financial burden, in turn, discourages families from having additional children.…
A recent study has revealed that Korea's intense competition in private education may have contributed to the country's low birthrate. According to the research, parents often increase their spending on private education in an effort to compare their children's academic performance with that of other families. This financial strain discourages families from having additional children.
The study estimates that, without the influence of this competition, the average number of children per woman in Korea would have been approximately 0.53 higher than the actual number. The findings were presented at a conference on population aging on Wednesday, co-hosted by the Bank of Korea, the Centre for Economic Policy Research, and the Organisation for Economic Cooperation and Development.
The research team, comprising Kim Sung-eun (Sejong University), Michele Tertilt (University of Mannheim, Germany), and Mincheol Yeom (Virginia Commonwealth University, USA), analyzed the connection between competition in private education and birthrate.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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