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	Provedor de dados AgEcon (1) Autor Hou, Linke (1) Wang, Xiaobing (1) Yu, Xiaohua (1) Palavra-chave China (1) I20 (1) J43 (1) Labor and Human Capital (1) Life-cycle model (1) Q01 (1) Rational expectation (1) Return to schooling (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2011 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Rational Expectation and Education Rewarding: The Case of Chinese Off-Farm Wage Employment AgEcon Hou, Linke; Wang, Xiaobing; Yu, Xiaohua. This study establishes a life-cycle model that a representative agent chooses optimal time of education to maximize his/her life earning, which implies that there may exist nonlinear relation between education and earning. Using the data of Chinese off-farm wage employment, we find that the duration of schooling years will increase by 1.7 years with 1 percent increase in rate of return to education. The empirical results also indicate that controversies about return to education might arise from model misspecification without consideration of nonlinearity and sample selection. Tipo: Conference Paper or Presentation Palavras-chave: Return to schooling; Life-cycle model; Rational expectation; China; Labor and Human Capital; I20; J43; Q01. Ano: 2011 URL: http://purl.umn.edu/114530 Registros recuperados: 1 Primeira ... 1 ... Última

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