2013, Vol.40, No.1

Korean Social Science Journal 2023 KCI Impact Factor : 0.06

pISSN : 1225-0368 / eISSN : 2196-4424
https://journal.kci.go.kr/kssj

Numerous studies have found a strong positive association between the level of education and economic returns (i.e., earnings). This relationship, however, has received less examination in the context of institutional or temporal variability. Drawing on the experience of South Korea in the decade after the 1997 Asian financial crisis, this study examines the role of education in rising earnings inequality under a radically changing institutional environment. Based on data from the Korean Labor Income Panel Study and Theil index decomposition, this study finds that despite the robust association between education and earnings inequality in post-crisis South Korea, a substantial amount of the rise in overall inequality is primarily attributable to rapid increase in within-educationgroup inequality rather than between-group inequality. This demands renewed attention to the role of education in earnings inequality to fully account for the changing dynamics of inequality in the twenty first century.

A recurring theme in electoral politics is that American voters hold the president responsible for the state of the economy. Ironically, many Presidency scholars argue that presidents are ill equipped to manage the economy because other variables compete with and complicate the effects of fiscal policy. These include international variables,private market forces, and monetary policy, among others. Using simultaneous equation methods, we examine the direct and indirect effects of fiscal policy on economic performance while controlling for a variety of other determinants of economic performance. We find that fiscal policy plays a significant role in influencing unemployment and economic growth in the United States, even after controlling for a variety of other determinants of economic performance. We close by discussing the importance of linking the econometric modeling literature with the literature on presidential management of the economy.

This article discusses ways that environmental, social, and governance disclosure can promote transition to a sustainable economy by paving the way for better business operations. It presents a conceptual analysis and identifies how environmental,social, and governance disclosures actuate corporate sustainability and contribute to a sustainable economy. It also offers a sustainability framework for companies transitioning to a sustainable economy.