Labour Market Impacts of School Expenditure and Class Size: Evidence from China
首次估计了中国学校资源对学生后续劳动力市场收入的影响，发现生均支出（衡量学校资源或质量的代理指标）通过影响教育回报率显著提高收入，为教育政策干预提供了依据。
This study is a first attempt to estimate the impact of school resources on students’ subsequent labour market earnings in China. Combining unprecedented school data from the early 1950s to the 1990s with household survey data in the 2000s, this paper documents that expenditure-per-pupil, a proxy measure of school resources (or quality) has a significant impact on the level of subsequent earnings through its influence on education returns. The positive effect calls for policy intervention aimed at improving education, to be based on the perceived economic return to the quantity as well as the quality components of education.