Labor education, cash transfers and student development: Evidence from China

Bo Li and Shilin Lu

International Review of Financial Analysis, 2023, vol. 87, issue C

Abstract: Based on China Education Panel Survey data, this study used the PSM-DID method to explore the relationship between labor education and cash transfers and analyzed the causal effect of its impact on student development. We found that labor education and cash transfers can significantly improve student academic performance and cognitive and noncognitive abilities. There was an obvious crowding in effect between labor education and cash transfers. Upon increasing investment in labor education and reducing cash transfers, students improved their academic performance and had better cognitive and noncognitive abilities. We suggest that the government, schools and families increase investment in labor education to achieve a better level of student development and reduce financial burdens.

Keywords: Labor education; Cash transfers; Student development; PSM-DID (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:87:y:2023:i:c:s1057521923000819

DOI: 10.1016/j.irfa.2023.102565

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