摘要
By introducing a general equilibrium framework to China's dual economic structure, this paper studies the microscopic mechanism of education input to narrow the urban-rural income gap and how to improve the allocation efficiency of education funds in China's "new normal" economy. The empirical analysis results show that education input is effective in narrowing the urban-rural income gap and achieving a Pareto improvement state in both direct and indirect ways. However, the effect of education input at different stages varies. In particular, the impact of compulsory education on improving inequality is more significant than the other education levels. With adjustment for the macroeconomic slowdown, raising fiscal expenditures on education can improve potential economic growth by promoting human capital accumulation and labor productivity in the long run. In all, education input can promote labor migration and narrow the urban-rural income gap, which is conducive to alleviating the contradiction of the structural transformation lag in employment and achieving inclusive growth targets.
By introducing a general equilibrium framework to China's dual economic structure, this paper studies the microscopic mechanism of education input to narrow the urban-rural income gap and how to improve the allocation efficiency of education funds in China's "new normal" economy. The empirical analysis results show that education input is effective in narrowing the urban-rural income gap and achieving a Pareto improvement state in both direct and indirect ways. However, the effect of education input at different stages varies. In particular, the impact of compulsory education on improving inequality is more significant than the other education levels. With adjustment for the macroeconomic slowdown, raising fiscal expenditures on education can improve potential economic growth by promoting human capital accumulation and labor productivity in the long run. In all, education input can promote labor migration and narrow the urban-rural income gap, which is conducive to alleviating the contradiction of the structural transformation lag in employment and achieving inclusive growth targets.
作者
李昕
关会娟
Li Xin;Guan Huijuan
