This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century … return to education has increased substantially in China, compared to the returns measured in the 1980 s and the early 1990's. …

primary school education from 7 to 8 years. At the same time, the reform did not affect the education system at post …-primary levels, that is the system of secondary and higher education. In result, all education tracks were extended by one year … reform had a negative impact on the hourly earnings of individuals with primary education. …

education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … to education by 0.005 percentage points. This implies that higher skilled employees are better sheltered from labour … regional unemployment can in addition almost fully explain the observed large differences in regional returns to education. We …

We examine how the gender of a sibling affects earnings, education and family formation. Identification is complicated … with sisters obtain lower education and give birth earlier than women with brothers. Our analysis shows that the family …

education in China appear to be zero. We estimate an instrumental variables fixed effects model where share of college graduates … is instrumented by the number of universities with special status and find positive external returns to education of … rural, men, and low-educated workers. This finding provides the motivation for increasing education investment in rural …

The validity of family background variables instrumenting education in income regressions has been much criticized. In … violations of the strong validity assumption affect the estimation results. We show that, in case of moderate direct effects of … (perfect validity of the instrument). The size of the bias is in many cases smaller than the standard error of education …