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Statistical Terms

Education expenditure (Educational expenditure)

Definition
  • Admission fees, tuition fees, expenses for teaching materials, private lesson fees, stationeries expenses, etc. for private and public education
Commentary
  • Includes total educational expenditure on head of households or any member of households(including children).
  • Money sent to children studying abroad is not included in this category and it should be included in the transfer expenditure.
    * The National Survey of Tax and Benefit has a separate survey item that asks for educational expenditure for children studying abroad (Korea Institute of Public Finance).
Source National Pension Service (Korean Retirement and Income Survey)
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