Human capital depreciation can be divided into stock depreciation and utility depreciation, which will cause the waste of human capital investment, and let human capital value fail to fully embody, affecting social de...Human capital depreciation can be divided into stock depreciation and utility depreciation, which will cause the waste of human capital investment, and let human capital value fail to fully embody, affecting social development. In the critical time of China facing population aging and economic transformation, as the new human capital of the labor market, college students play an important role to social and economic development. Therefore, preventing and mitigating their human capital depreciation is necessary. This article focus on human capital investment and configuration stage, analyze the influence of unreasonable human capital investment system and separate labor market segmentation system to college student human capital depreciation, and put forword the corresponding countermeasures.展开更多
Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year comp...Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year compulsory education. The result of the mixed logit model shows that one percentage point increase of expected lifetime income will increase students' 3.98 percentage points' probability of choosing corresponding choice, while the nested logit model shows the marginal effect of 4.38. Fathers' educaiton, family income and students' academic performance have significantly positive effect of students' choice probalitiy of going to normal high school and accepting secondary vocational education, which is consistent with the previous literature.展开更多
文摘Human capital depreciation can be divided into stock depreciation and utility depreciation, which will cause the waste of human capital investment, and let human capital value fail to fully embody, affecting social development. In the critical time of China facing population aging and economic transformation, as the new human capital of the labor market, college students play an important role to social and economic development. Therefore, preventing and mitigating their human capital depreciation is necessary. This article focus on human capital investment and configuration stage, analyze the influence of unreasonable human capital investment system and separate labor market segmentation system to college student human capital depreciation, and put forword the corresponding countermeasures.
文摘Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year compulsory education. The result of the mixed logit model shows that one percentage point increase of expected lifetime income will increase students' 3.98 percentage points' probability of choosing corresponding choice, while the nested logit model shows the marginal effect of 4.38. Fathers' educaiton, family income and students' academic performance have significantly positive effect of students' choice probalitiy of going to normal high school and accepting secondary vocational education, which is consistent with the previous literature.