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

作　　者：CHEN Xing 

机构地区：[1]Ph.D.,China Center for Human Capital and Labor Market Research,Central University of Finance and Economics

出　　处：《International English Education Research》2019年第3期9-11,共3页国际英语教育研究（英文版）

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.

关 键 词：EXPECTED LIFETIME INCOME Human CAPITAL Investment Nine-year Compulsory Education 

分 类 号：G[文化科学]