How Does Education Affect the Earnings Distribution in Urban China?*
估计了中国城市居民教育回报率在整个收入分布上的差异，发现低收入群体和女性的教育回报更高，且回报率随时间上升。
Abstract It is widely believed that investing in education could be an effective strategy to promote higher standards of living and equity. We empirically assess this claim by estimating returns to education across the whole earnings distribution in urban China and find supporting evidence. In particular, we find that returns to education are more pronounced for individuals in the lower tail of the distribution than for those in the upper tail and that returns to education are uniformly larger for women than men. We also find that returns to education increased over time across the whole earnings distribution.