The Impact of Education Fiscal Investment on Intergenerational Income Mobility in China

• In Event: Sunday Roundtable Session 7:45 am
  In Roundtable Session: Analyses of School Finance Equity and the Impact of Resources in the United States and Abroad (Table 29)

Abstract

This study investigates the impact of educational fiscal investment on intergenerational mobility in China, utilizing the theoretical framework of Becker and Tomes. We utilize the China Family Panel Studies database and provincial-level education fiscal investment data for a region-specific and income-group-specific analysis. The findings demonstrate that augmenting China's educational fiscal investment effectively improves intergenerational income mobility. However, the effects of educational fiscal investment vary among different regions and income groups. These disparities can be attributed to the inadequate distribution of educational fiscal resources to meet the needs of disadvantaged groups. Therefore, this study emphasizes the critical role of adequacy in educational fiscal investment policies, as they are vital for promoting inclusive development and reducing social inequality.

Authors

• Ying Zhang, East China Normal University

• Wanpeng Zhang, East China Normal University