The Effect of Expected Lifetime Income on Students' Human Capital Investment Decision-making after Nine-year Compulsory Education

• 作者: CHEN Xing
• 来源期刊: 国际英语教育研究:英文版
• 学科: 社会科学
• 关键词: EXPECTED LIFETIME INCOME Human Capital Investment Nine-year Compulsory Education
• 年，卷（期）: 2019,（3）
• 页码范围: 9-11
• 页数: 3页
• 分类号: G

摘要

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.