1 论文标题
Estimating the External Returns to Education: Evidence from China
2 作者信息
Wen Fan
Yuanyuan Ma
3 出处和链接（比如，NBER working paper No.11000） http://www.ucd.ie/t4cms/WP12_20.pdf
4 摘要
Good understanding on the human capital externalities is important for both policy makers and social science researchers. Economists have speculated for at least a century that the social returns to education may exceed the private returns. In this paper, using the longitudinal data from China Health and Nutrition Survey (CHNS), we examine how individual wage changes associated with the share of college graduates in the same province across years for a person who has never moved by implementing individual fixed effects estimates. The individual fixed effect model shows that the external returns to education in China appear to be negative and on the order of -2%, which might be biased by potential endogeneity. Concerned with this problem, we then implement the IV fixed effect estimates and find positive external returns to education at about 10%. We also find this returns differ across individual heterogeneity.
扫码加好友，拉您进群
全部版块
我的主页
收藏
