Rates of Return to Four-Year University Education: An Application of Regression Discontinuity Design
Rates of Return to Four-Year University Education: An Application of Regression Discontinuity Design
复制标题
四年制大学教育的回报率：断点回归设计的应用
DOI：
10.1111/sjoe.12251
复制
发表时间：
2018-10-01
影响因子：
1.1
通讯作者：
Zhao, Guochang
中科院分区：
文献类型：
--
作者：
Fan, Elliott;Meng, Xin;Zhao, Guochang
由于忽略变量偏差的问题，估计大学教育的回报率总是困难的。使用回归不连续设计，我们估计了四年制大学教育对收入的影响，并探索了影响运作的途径。我们的估计利用了中国集中的、基于分数的学院/大学录取系统，其中大学录取所需的最低分数是由省级政府外部确定的。我们的研究结果表明，有资格进入四年制大学意味着收入的大幅增加。收益可以归因于教育时间的延长和教育质量的提高，尽管质量效应无法精确估计。
It is invariably difficult to estimate the rate of return to university education, because of the problem of omitted variable bias. Using a regression discontinuity design, we estimate the effect of a four-year university education on earnings, and we explore the pathways through which the effect operates. Our estimation exploits the centralized, score-based college/university admission system in China, where the minimum scores required for university admission are externally determined by the provincial governments. Our findings suggest that being eligible for four-year university admission implies a sizable increase in earnings. The payoff can be attributed to the prolonged length of education and improvements in education quality, although the quality effects cannot be precisely estimated.