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The returns to education in rural China: Some new estimates.
- Source :
- Australian Journal of Agricultural & Resource Economics; Jan2020, Vol. 64 Issue 1, p189-208, 20p, 9 Charts
- Publication Year :
- 2020
-
Abstract
- We estimate the rates of return to education in rural China using primary survey data collected in 2016. Estimated average returns to education are 3.1 per cent. However, careful statistical analysis is required when estimating the returns to education. The paper demonstrates that when employment interruptions are accounted for, the measured returns to education rise. Our results also confirm that mismeasurement of the wage rate by using an hourly wage rate (versus daily or monthly earnings) raises the estimation of rates of return to education. Finally, our results suggest that the return to education is nonlinear in education levels but only when it reaches the tertiary level. [ABSTRACT FROM AUTHOR]
- Subjects :
- RURAL education
WAGES
RATE of return
ESTIMATES
STATISTICS
Subjects
Details
- Language :
- English
- ISSN :
- 1364985X
- Volume :
- 64
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Australian Journal of Agricultural & Resource Economics
- Publication Type :
- Academic Journal
- Accession number :
- 141206080
- Full Text :
- https://doi.org/10.1111/1467-8489.12350