个人教育投资的风险收益测度  

Risk-benefit research of individual education investment

作　　者：易莹莹[1] 

机构地区：[1]南京邮电大学经济与管理学院,江苏南京210046

出　　处：《南京邮电大学学报（社会科学版）》2011年第2期47-52,共6页Journal of Nanjing University of Posts and Telecommunications(Social Science Edition)

摘　　要：将教育资本分解成受教育程度和职业的各种组合,借鉴Markowiz的有效投资组合理论,计算Mincer收入方程中扰动项的均值—标准差来衡量投资风险收益,以此建立中国教育投资风险和收益之间的平衡关系,并且利用F检验衡量投资组合的均值方差张成。结果表明,有效的教育资本组合不仅与所接受教育程度有关,还与未来职业选择有关。在以受教育程度为高中和中等职业的基础上,高中(06)可以张成其他全部14个投资组合的均值方差边界。因此,个体和政府在进行教育投资时,都需要全面衡量投资组合的风险收益平衡问题。Educational assets are divided into various portfolios of education levels and occupations,and Mean-Standard Deviation is computed by Markowiz＇s efficient portfolio theory to measure the risk-benefit,for the establishment of a balance between the risks and benefits of education investment in China.The Mean-Variance Spanning of investment portfolios is also measured by F test.The results show that efficient education investment portfolio is not only related to education levels,but to future career selections.On the level of senior high school and vocational education,high school（06） can span all the other investment portfolios.Therefore,both individuals and government need to fully consider the issue of risk-benefit balance of investment portfolio.

关 键 词：风险收益 均值方差张成 F检验 个人教育投资 

分 类 号：F222[经济管理—国民经济]