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Understanding Trends in Chinese Skill Premiums, 2007-2018 / Eric A. Hanushek, Yuan Wang, Lei Zhang.
- Format:
- Book
- Author/Creator:
- Hanushek, Eric A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31367.
- NBER working paper series no. w31367
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- The dramatic expansion of the education system and the transformation of the economy in China provide an opportunity to investigate how the labor market rewards skills. Between 2007 and 2018, the overall return to cognitive skills is virtually constant at 10%, whereas the college premium drops steeply by more than 20 percentage points. But, the regional differences in returns are significant and highlight the importance of differential demand factors. College returns are higher in more developed regions, but the declining trend is more pronounced. Returns to cognitive skills increase in more developed regions and decrease in less developed regions.
- Notes:
- Print version record
- June 2023.
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