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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front Econ Chin    2009, Vol. 4 Issue (1) : 46-61    https://doi.org/10.1007/s11459-009-0003-6
research-article |
An empirical study on educational investment for all levels of higher education in China
YANG Juan1(), David MAYSTON2
1. School of Economics and Business Administration, Beijing Normal University, Beijing 100875, China; 2. Department of Economics and Related Studies, University of York Heslington York, YO10 5DD, UK
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Abstract

With the expanding of higher education in China from 1999, more and more youngsters are able to invest in higher education, resulting a high unemployment rate for higher education graduates and more and more graduates employed in non-graduate position, while the analysis upon risk and return to each level of high education is absent due to the limitation of dataset. The paper employs college students sample survey to research the determinants of all levels of higher education beginning wages, the probability to find an appropriate job in order to conclude the risks and returns to each level of higher education based on the wages growth rate and economic development. The research finds the return to master degree is the highest, but the risk is the lowest in China.

Keywords higher education      risk return      overeducation     
Corresponding Authors: YANG Juan,Email:jcathy1106@yahoo.com   
Issue Date: 05 March 2009
 Cite this article:   
David MAYSTON,YANG Juan. An empirical study on educational investment for all levels of higher education in China[J]. Front Econ Chin, 2009, 4(1): 46-61.
 URL:  
http://academic.hep.com.cn/fec/EN/10.1007/s11459-009-0003-6
http://academic.hep.com.cn/fec/EN/Y2009/V4/I1/46
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