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Propensity Score Matching Model Estimation for College Premium in Urban of China Based on Counterfactual Framework

Min Yan

Abstract


Using CHIP2002 data, the paper estimated the return to higher education in urban China based on Counterfactual framework and PSM method. it shown that college premium in urban china is 21.3% and 5.33% average year, the marginal effect of the ability to wage is about 5% after controlled observed covariates such as family background. due to Ability bias OLS is overestimated. Finally it proposed that the government should increase investment in higher education, so that more poor people access to higher education, it is one of the effective ways to narrow the gap between the rich and the poor.

Keywords


Counterfactual framework; college premium; Urban.

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