earticle

영어

This study aims to analyze the economic effect of educational cost support for low-income group, and also suggest legal support measures. Analyzing economic theories about educational cost support for low-income group, the public support of education is proper under the economic functions of educational investment. Through educational investment, we can expect effects like formation of human capital and selection of labor market signal, and also sustainable economy in the aspect of technical advance. In the aspect of macroeconomics, the earing rate of educational investment is increased by the enhanced investment demand, and the scale of balanced investment is unchangeable. Meanwhile, the income redistributive effect brought by providing equal educational opportunities empowers the government support policies in the aspect of educational welfare. The above graph estimated from Mincerian Earning's Function shows that earnings(earned income) are increased when the level of education(the number of education years) is higher. It is also expected that the inflation width of wages would be larger when the earning rate of educational investment is increased. In order for such educational cost support for low-income group, the new government decided to expand free education, free childcare and also the standard of lower income group to less than 50% of the medium income. In regard of dormitory facility scale in the whole universities and colleges, the average dormitory acceptance ratio is about 23% for junior colleges and about 30% for universities in 2011. For low-income students, it is necessary for schools, operational corporations and local governments to support subsidy for dormitory fee. Meanwhile, the current educational cost support for low-income students is based on Elementary and Secondary Education Act. The tentatively named, 'Low-Income Group Independence Bill' on the way of enactment in 2013 should become legal support measures to achieve more enhanced educational welfare, without causing conflicts with the existing laws.