Household Income and Education: An Empirical Research Based on CFPS

Xinyu Liu

doi:10.54254/2754-1169/37/20231828

Research Article

Open access

Published on 10 November 2023

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Liu,X. (2023). Household Income and Education: An Empirical Research Based on CFPS. Advances in Economics, Management and Political Sciences,37,25-30.

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Household Income and Education: An Empirical Research Based on CFPS

Xinyu Liu *^,1,

¹ University of Aberdeen

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/37/20231828

Abstract

In today's fast-paced economy, an increase in income frequently results in improved educational resources. This paper employs an OLS model to examine the relationship between household income and educational attainment. Experiments were conducted with control variables and other steps using data from the 2018 China Family Panel Survey (CFPS), and the results revealed a positive coefficient on the household income variable, providing preliminary evidence that household income has a positive effect on educational attainment, i.e., an increase in household income results in a significant increase in an individual's educational attainment. The purpose of this study is to analyse income and education levels based on individual and household data, to examine the educational base required for future social development, to lay the groundwork for future research, and to suggest that future policies should pay more attention to the distribution of educational resources, as improvements in household conditions can lead to some households falling short of predicted educational levels due to the unequal distribution of educational resources.

Keywords

household income, education, resource equality

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References

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Cite this article

Liu,X. (2023). Household Income and Education: An Empirical Research Based on CFPS. Advances in Economics, Management and Political Sciences,37,25-30.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

Conference website: https://www.icemgd.org/

ISBN：978-1-83558-095-0(Print) / 978-1-83558-096-7(Online)

Conference date: 6 August 2023

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.37

ISSN：2754-1169(Print) / 2754-1177(Online)

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