Education, Rustication and Communist Party Membership: What Pays? What does Not Pay? Hongbin L Junsen Zhang (Others) The Chinese University of Hong Kong
1 Education, Rustication and Communist Party Membership: What Pays? What Does Not Pay? Hongbin Li Junsen Zhang (Others) The Chinese University of Hong Kong
First twins data from china The first socioeconomic twins data collected by Junsen Zhang and nbs from china also first in asia MZ(monozygotic) twins are genetically identical twins DZ (fraternal)twins are non-identical twins a series of papers based on this dataset My talk focuses on 3-4 papers regarding the returns to human/political capital in China-Do the following factors matter for earnings? Education The Communist party membershi lIp Forced rustication during Cultural Revolution (if time permits) Spousal education(if time permits)
2 First twins data from China ◼ The first socioeconomic twins data collected by Junsen Zhang and NBS from China, also first in Asia ◼ MZ (monozygotic) twins are genetically identical twins ◼ DZ (fraternal) twins are non-identical twins ◼ A series of papers based on this dataset ◼ My talk focuses on 3-4 papers regarding the returns to human/political capital in China—Do the following factors matter for earnings? ◼ Education ◼ The Communist Party membership ◼ Forced rustication during Cultural Revolution (if time permits) ◼ Spousal education (if time permits)
Does education Pay in Urban China? Estimating returns to education Using twins Ho Pak Wai liu g Junsen Zhang The Chinese University of Hong Kong
3 Does Education Pay in Urban China? Estimating Returns to Education Using Twins Hongbin Li Pak Wai Liu Ning Ma Junsen Zhang The Chinese University of Hong Kong
中国应试教育的代价
4 中国应试教育的代价
Returns to education in China a Recently, economists have started to estimate the return to education using Chinese data a Early studies find rather low returns: 2-4%0 (Byron and Manaloto, 1990; Meng and Kidd, 1997) Economists, including heckman believe that the return should increase with economic transition Indeed. recent data show larger returns: 7-10 (Heckman and Li, 2004; Zhang et al., 2005)
5 Returns to education in China ◼ Recently, economists have started to estimate the return to education using Chinese data ◼ Early studies find rather low returns: 2-4% (Byron and Manaloto, 1990; Meng and Kidd, 1997) ◼ Economists, including Heckman, believe that the return should increase with economic transition ◼ Indeed, recent data show larger returns: 7-10% (Heckman and Li, 2004; Zhang et al., 2005)