The Returns to Education: An Empirical Study of Urban China, 1988-2007
(2012) EKHR81 20121Department of Economic History
- Abstract
- This paper uses data from a recently-released survey pertaining to individuals in urban locations in 2007 to estimate rates of return to education in China. In doing so, previous estimates in the empirical literature are updated by five years. The key issue under consideration is whether the private incentive to spend time and money on education has increased over the course of China’s economic transition, given the increased permeation of market forces in determining wages and a policy focus on improving educational quality. The mincer-type rate of return to education is estimated to be 9.6 percent in 2007; a return greater than in previous time periods but comparatively low by international standards. In addition, the completion of... (More)
- This paper uses data from a recently-released survey pertaining to individuals in urban locations in 2007 to estimate rates of return to education in China. In doing so, previous estimates in the empirical literature are updated by five years. The key issue under consideration is whether the private incentive to spend time and money on education has increased over the course of China’s economic transition, given the increased permeation of market forces in determining wages and a policy focus on improving educational quality. The mincer-type rate of return to education is estimated to be 9.6 percent in 2007; a return greater than in previous time periods but comparatively low by international standards. In addition, the completion of university-schooling is found to be the most profitable out of all the educational attainment levels, whilst recently-completed education is of greatest value at the commencement stage of employment. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2798053
- author
- Faigen, Benjamin Samuel LU
- supervisor
- organization
- course
- EKHR81 20121
- year
- 2012
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- China., Labour Market, Mincer, Transition, Returns to Education
- language
- English
- id
- 2798053
- date added to LUP
- 2012-08-07 11:58:52
- date last changed
- 2012-08-07 11:58:52
@misc{2798053, abstract = {{This paper uses data from a recently-released survey pertaining to individuals in urban locations in 2007 to estimate rates of return to education in China. In doing so, previous estimates in the empirical literature are updated by five years. The key issue under consideration is whether the private incentive to spend time and money on education has increased over the course of China’s economic transition, given the increased permeation of market forces in determining wages and a policy focus on improving educational quality. The mincer-type rate of return to education is estimated to be 9.6 percent in 2007; a return greater than in previous time periods but comparatively low by international standards. In addition, the completion of university-schooling is found to be the most profitable out of all the educational attainment levels, whilst recently-completed education is of greatest value at the commencement stage of employment.}}, author = {{Faigen, Benjamin Samuel}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Returns to Education: An Empirical Study of Urban China, 1988-2007}}, year = {{2012}}, }