The Cultural Revolution and returns to schooling in China: Estimates based on twins |
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Authors: | Junsen Zhang Pak-Wai LiuLinda Yung |
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Institution: | Department of Economics, The Chinese University of Hong Kong, Shatin, Hong Kong |
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Abstract: | This paper investigates the returns to schooling in China for the Cultural Revolution (CR) cohort and the non-CR cohort using a new set of Chinese twins data. Applying the fixed-effects model on twins data, which helps to control for the genetic and family background effects, this paper examines whether the CR cohort has smaller economic returns to schooling than the non-CR cohort. The empirical results in this paper indicate that the Cultural Revolution has not played a significantly adverse role in the returns to schooling. |
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Keywords: | O1 O5 J24 J31 |
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