Welfare Reform and Social Investment Policy in Europe and East Asia: International Lessons and Policy Implications 9781447352754

Social investment policies have enjoyed prominence during recent welfare reforms across the OECD world, and yet there is

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Table of contents :
Front cover
Halftitle Page
Title Page
Copyright Page
Table of Contents
List of figures and tables
Notes on contributors
Acknowledgements
Preface from the series editors
1. Introduction: social investments and welfare reform in Europe and East Asia
2. Work–family policy expansion and the idea of social investment: the cases of Germany, England, South Korea and Japan
3. Private education in South Korea: lessons for the West from past mistakes?
4. How do family background and shadow education affect academic performance and labour market outcomes in South Korea? Reasons for redistributive social investment
5. Employability, higher education and the knowledge economy
6. Does social investment make the labour market ‘flow’? Family policies and institutional complementarities in Italy, Spain, Japan and South Korea
7. The social investment approach and gender division of housework across East Asia and Europe
8. Employment outcomes of social investment in latecomer countries
9. Estimation of the human capital depreciation rate: an international comparison and policy implications in South Korea
10. Changing patterns of grandparenting and their implications for active ageing in England and South Korea
11. The governance of social investment policies in comparative perspective: long-term care in England and South Korea
12. Towards greater social investments and equality in Europe and East Asia: policies and politics
Index
Back cover
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EDITED BY YOUNG JUN CHOI TIMO FLECKENSTEIN SOOHYUN CHRISTINE LEE

WELFARE REFORM AND SOCIAL INVESTMENT POLICY IN EUROPE AND EAST ASIA I N T E R N AT I O N A L L E S S O N S A N D P O L I C Y I M P L I C AT I O N S

R E S E A R C H I N C O M PA R AT I V E & G L O B A L S O C I A L P O L I C Y

WELFARE REFORM AND SOCIAL INVESTMENT POLICY IN EUROPE AND EAST ASIA

Also available in the Research in Comparative and Global Social Policy series Welfare, Populism and Welfare Chauvinism By Bent Greve “This important book sets out to tackle the welfare–populism nexus and convincingly shows that the new divisions in our societies instigate welfare chauvinism.” Steffen Mau, Humboldt University of Berlin PB £26.99 ISBN 9781447350446 HB £75.00 ISBN 9781447350439 168 pages December 2020

Minimum Income Standards and Reference Budgets International and Comparative Policy Perspectives Edited by Christopher Deeming “The volume offers a rich, historically and culturally grounded international menu of perspectives on an important social policy approach, with lessons for both research and policy at a time of growing economic insecurity.” Baroness Ruth Lister, Loughborough University HB £75.00 ISBN 9781447352952 272 pages May 2020

Local Policies and the European Social Fund Employment Policies Across Europe By Katharina Zimmermann “Moving beyond the methodological nationalism that has characterised most of the existing literature, this innovative study offers a fresh perspective on the variegated influence of European integration on social policy.” Daniel Clegg, University of Edinburgh HB £75.00 ISBN 9781447346517 224 pages October 2019

The Moral Economy of Activation Ideas, Politics and Policies By Magnus Paulsen Hansen “In this well researched and theoretically sophisticated book, Magnus Hansen sheds new and important light on the moral economy of activation.” Daniel Béland, McGill University HB £75.00 ISBN 9781447349969 250 pages September 2019

For more information about the series visit bristoluniversitypress.co.uk/ research-in-comparative-and-global-social-policy

WELFARE REFORM AND SOCIAL INVESTMENT POLICY IN EUROPE AND EAST ASIA International Lessons and Policy Implications Edited by Young Jun Choi, Timo Fleckenstein and Soohyun Christine Lee

First published in Great Britain in 2021 by Policy Press, an imprint of Bristol University Press University of Bristol 1-9 Old Park Hill Bristol BS2 8BB UK t: +44 (0)117 954 5940 e: [email protected] Details of international sales and distribution partners are available at policy.bristoluniversitypress.co.uk © Bristol University Press 2021 British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library ISBN 978-1-4473-5273-0 hardcover ISBN 978-1-4473-5276-1 ePub ISBN 978-1-4473-5275-4 ePdf The right of Young Jun Choi, Timo Fleckenstein and Soohyun Christine Lee to be identified as editors of this work has been asserted by them in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved: no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior permission of Bristol University Press. Every reasonable effort has been made to obtain permission to reproduce copyrighted material. If, however, anyone knows of an oversight, please contact the publisher. The statements and opinions contained within this publication are solely those of the editors and contributors and not of the University of Bristol or Bristol University Press. The University of Bristol and Bristol University Press disclaim responsibility for any injury to persons or property resulting from any material published in this publication. Bristol University Press and Policy Press work to counter discrimination on grounds of gender, race, disability, age and sexuality. Cover design: Andrew Corbett Bristol University Press and Policy Press use environmentally responsible print partners. Printed in Great Britain by CPI Group (UK) Ltd, Croydon, CR0 4YY

Contents List of figures and tables vii Notes on contributors x Acknowledgements xiv Preface from the series editors xv 1

Introduction: social investments and welfare reform in Europe and East Asia Timo Fleckenstein, Soohyun Christine Lee and Young Jun Choi

2

Work–family policy expansion and the idea of social investment: the cases of Germany, England, South Korea and Japan Samuel Mohun Himmelweit and Sung-Hee Lee

27

3

Private education in South Korea: lessons for the West from past mistakes? Sonia Exley

61

4

How do family background and shadow education affect academic performance and labour market outcomes in South Korea? Reasons for redistributive social investment Yun Young Kim and Young Jun Choi

85

5

Employability, higher education and the knowledge economy Niccolo Durazzi

107

6

Does social investment make the labour market ‘flow’? Family policies and institutional complementarities in Italy, Spain, Japan and South Korea Ijin Hong and Jieun Lee

129

7

The social investment approach and gender division of housework across East Asia and Europe Mi Young An

167

8

Employment outcomes of social investment in latecomer 189 countries Jaehyoung Park

v

1

Welfare Reform and Social Investment Policy in Europe and East Asia

9

Estimation of the human capital depreciation rate: an international comparison and policy implications in South Korea Ga Woon Ban

213

10

Changing patterns of grandparenting and their implications for active ageing in England and South Korea Hyejin Choi

265

11

The governance of social investment policies in comparative perspective: long-term care in England and South Korea Jooha Lee

291

12

Towards greater social investments and equality in Europe and East Asia: policies and politics Timo Fleckenstein and Soohyun Christine Lee

315

Index

349

vi

List of figures and tables

Figures 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.1 5.2

5.3 5.4 6.1 6.2

7.1

7.2 8.1 8.2 9.1 9.2 9.3 9.4

Parents’ education levels and children’s shadow education time Parents’ income levels and children’s shadow education Shadow education – CSAT scores Parents’ education levels and children’s CSAT scores Parents’ income levels and children’s CSAT scores The model of path analysis focusing on shadow education The model of path analysis focusing on self-study Relationship between shadow education and CSAT –0.1119 (p