Economic transition and returns to education in China.

Autor/in	Li, Haizheng
Titel	Economic transition and returns to education in China.
Quelle	In: Economics of education review, 22 (2003) 3, S. 317-328Infoseite zur Zeitschrift PDF als Volltext Link als defekt meldenVerfügbarkeit
Beigaben	Literaturangaben 21; Tabellen 5
Sprache	englisch; englische Zusammenfassung
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/S0272-7757(02)00056-0
Schlagwörter	Bildung; Bildungsniveau; Transformation; Einkommen; Wirtschaftspolitik; China
Abstract	This study uses the most recent household survey data from 1995. ... Most existing [earlier] studies ... find that the rates of return to education in China are remarkably low. This study investigates whether the returns have been underestimated and whether such returns have increased as economic reforms deepen in China. The estimates of returns in this study are considerably higher than previous estimates. Two factors explain the findings: first, previous works using annual earnings instead of hourly wages bias the estimates downward; second, returns to education have increased as the transition process has deepened in China. In addition, average annual returns above the elementary school level are considerably higher than the overall returns. Finally, the private sector rewards highly educated individuals the most, while the state-owned sector rewards low education levels the most, and the returns to education are higher in less-developed, low-income provinces. (DIPF/Orig.)
Erfasst von	DIPF \| Leibniz-Institut für Bildungsforschung und Bildungsinformation, Frankfurt am Main
Update	2004_(CD)