Does Life Expectancy Affect Private Educational Investment in China?

In this paper, we emphasize the interactive effect between life expectancy and human capital accumulation, and test the positive feedback of longevity to educational investment in China. This is very important for understanding the pressure from the aging population and the increase in private educational investment in China. We first show in an extended human eapital investment model that life expectancy growth acts as a driving force for educational investment. We then build a difference-in-difference-in-differences empirieal framework and use cross-province data to examine the effect in China. We use the maternal mortality rate （MMR） to identify the difference in life expectancy between genders, and the illiteracy rate or average years of education by gender for educational investment. The empirical results comply with the theory, in that increases in life expectancy significantly lower illiteracy rates and improve the average schooling years in China. This content of the present paper is closely related to crucial issues like population aging, human capital accumulation and gender discrimination. Policy implications are discussed based on the empirical results.

Research on the Well-off Family Education Investment under the Policy of Double Reduction

Chinese education is like a large competitive game in the past time,with a lot of over-step learning and pre-emptive education increasing the extra—curricular pressure on primary and secondary school students day by day.In 2021,the national"double reduction"policy was implemented,and in 2022,the"Family Education Promotion Law of the People's Republic of China"was introduced.With the combined effect of"one government,one law",the status and role of family education have become more prominent,so it is of great practical significance to understand the education investment behavior of Chinese families.Therefore,this study is a case study of three students and their families from different schools in Weifang,Shandong Province in China.Through semi-structured interviews,this paper discusses the educational investment of well-off families after the implementation of the double reduction policy.The results show that art-related learning content dominates the education expenditure of well-off families after the implementation of the double-reducing policy,while cultural tutoring decreases.Becasue of(a)parents mainly want to cultivate their children's interests and hobbies or provide guidance for weak subjects;(b)the lack of understanding of the double reduction policy,leading to parents and students blindly follow the trend,increasing the pressure of students and parents'anxiety.This study focuses on the feelings of students and parents after the implementation of the double reduction policy,and attaches importance to the problems arising after the implementation of the policy.The findings are helpful to provide reference for future research on the educational investment of wealthy families after the implementation of the double reduction policy.

Investment risk of rural family education: From the persepective of educational cost and income

With the implementation of the policy of popularization of education, rural families make the choice of interests and behavior decisions through the calculation of their own benefits and costs, and gradually become the main body of rural education investment decisions. The relationship between educational cost and income plays a major role in the rural family education investment. Based on the current situation of rural education in our country, this paper focuses on the risk of rural education investment and rural education costs and benefits, and then puts forward scientific, operational measures and suggestions.

Natural resource dependence, public education investment,and human capital accumulation

This paper examines the relationships between natural resource dependence, public education investment, and human capital accumulation. It addresses why the “blessing” of abundant natural resources often turns into a “curse” in many countries and regions, focusing on the crowding-out effect of natural resources on human capital. According to our empirical analysis of provincial panel data from China, natural resource dependence is significantly and negatively correlated with human capital accumulation. The crowding-out effect of natural resources on human capital exists only in the central and western regions of China. Our introduction of an interaction term for natural resource dependence and public education investment underscores the possibility of investing in public education to reduce the crowding-out effect of natural resource dependence on human capital. The government should utilize the income of the natural resource sector to increase investment in education to enhance local human capital.

An Evaluation of the Investment for Child Development in China

Objective This study estimated the investment in child development from three aspects-public health, public education, and family investment to establish the level of investment, to provide reference information for government decision making and to provide international comparisons. Methods Public investment in health was measured with macro data related to public health spending and child development in government expenditure. Public education investment was based on basic education data. Family investment evaluation was based on per capita family consumer spending data in different age groups to estimate the input for child development. Results Both public health investment level and the proportion of GDP rose for all age groups over time, but the overall investment level was still insufficient. Public investment in children＇s education has increased year by year, but the trends in all age groups are unbalanced with much lower investment in early childhood education. Private investment in children has increased over the period, but has declined as a percentage of GDP. International comparisons show that China＇s investment in child development is much lower than OECD countries. Conclusion The private investment in child development was the main way in China, with public finance contributing only a small proportion. Given the poor international comparisons, the government needs to review the balance of public investment to redirect more towards the development of children under the age of six to their health and education.

Education Investment Fixed Asset Investment and Regional Economic Development Differences--Empirical analysis based on Chinese

In this article,it discusses the di£ferences in economic development between urban and rural areas and regions in our country from the perspective of education investment and fixed asset investment.Based on the provincial data of 31 provinces from 1999 to 2017 released by National Bureau of Statistics,it expends the Cobb-Douglas model and Lucas model,and analyses the data with multiple linear regression models.From the study,it finds that compared with investment in fixed assets,investment in education has a larger role in promoting economic development,which is more obvious in the underdeveloped central and western regions and rural areas.However,at the same time it needs to note that the positive effects of education investment will be restricted by the economic structure and policy environment,and education expenditure policies should also be implemented in accordance with time and local conditions.

A study on the rate of contribution of education investment to the economic growth in China

There is an evident bi-directional causality relationship between education investment and economic growth based on an analysis of statistics from 1952 to 2003 released by the State Statistics Bureau.A generalized difference regression model is set up to investigate the relationship between the two.Studies show that the rate of contribution of education investment to economic growth was 24.4 percent from 1952 to 2003.Further examination indicates that after the market-oriented economy restructuring,this rate increased by a wide margin of 7 percent,from 22.8 percent to 29.7 percent.