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The Political Economy of the Linear Earnings Profile for Teachers in Korea

Lee, Ju Ho / Yoo, Gyeongjoon

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Abstract

In Korea, teachers salaries continuously grow with seniority until they reach the retiring point. We argue that not only the theory of human capital but also the theories of delayed payment contracts fail to explain for this pattern. We then explore an alternative explanation based on the political economic interpretation. We argue that the previous regimes of Korea have utilized the linear earnings profile by casting parts of their financial cost for hiring qualified teachers onto the next regime, or the next generations, in the process of rapid expansion of the educational system.

Issue Date
2000-09
Publisher
Korea Development Institute
Contents
I. Introduction

II. Earnings Profile

III. Earnings Function

IV. Seniority Pay and Productivity

V. The Political Economy

VI. Conclusions

Bibliography
Pages
25
Series Title
KDI Working Paper 2000-05
URL
https://www.kdi.re.kr/kdi_eng/publication/publication_view.jsp?pub_no=994
Language
ENG
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