This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time a pooled cross-sectional time-series dataset on 251 firms that were included in...

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time a pooled cross-sectional time-series dataset on 251 firms that were included in...

This paper employs the difference-in-differences empirical strategy and quantile regressions to analyze the effects of sorting and mixing on the academic performance of high school students in South Korea. In Korea, about half of high schools are subject to the equalization policy (EP), and must...

Private tutoring in South Korea is quite pervasive. In 2006, the household sector spent 2.57% of the nation's GDP on private tutoring for primary and secondary school students. Government spending on those students was about 3.5% of GDP, which is about the average level among OECD countries....

This paper provides evidence on the incidence, scope and nature of employee participation in Korea. The key findings include: (i) the incidence of works councils (WCs) is higher than in most other countries; (ii) not all WCs are functioning well with a little less than 70% of Korean firms having...