Sorting, Selection, and Transformation of Return to College Education in China

Belton M. Fleisher (), Haizheng Li, Shi Li and Xiaojun Wang ()
Additional contact information
Haizheng Li: Georgia Tech
Shi Li: Chinese Academy of Social Sciences

No 200507, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China’s reform between 1988 and 2002. We find evidence of substantial sorting gains under the traditional system, but gains have diminished and even become negative in the most recent data. We take this as evidence consistent with the growing influence of private financial constraints on decisions to attend college as tuition costs have risen and the relative importance of government subsidies to higher education has declined.

Keywords: return to schooling; sorting gains; heterogeneity; financial constraints; comparative advantage; China (search for similar items in EconPapers)
JEL-codes: J31 J24 O15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-tra and nep-ure
Date: Written 2005
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http://www.economics.hawaii.edu/research/workingpapers/WP_05-7.pdf First version, 2004 (application/pdf)

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