Impact of the Financial Resources Allocated to Education in Each Region on Family Investment in Education at the Compulsory School Level

Research Article
Open access

Impact of the Financial Resources Allocated to Education in Each Region on Family Investment in Education at the Compulsory School Level

Qinyu Chen 1*
  • 1 Shanghai Normal University    
  • *corresponding author 1000482284@smail.shnu.edu.cn
Published on 20 November 2023 | https://doi.org/10.54254/2753-7048/21/20230165
LNEP Vol.21
ISSN (Print): 2753-7056
ISSN (Online): 2753-7048
ISBN (Print): 978-1-83558-121-6
ISBN (Online): 978-1-83558-122-3

Abstract

Compulsory education has a vital role in the process of national development, so financial education funding is a public expense that must be guaranteed and implemented by all regional governments. And family education investment also plays an important role in education as the supplementary funding for every school-age child to receive education. Due to data limitations, the number of studies on the relationship between the two is relatively small, so this paper, based on the micro-database of the China Education and Finance Household Survey (CIEFR-HS), examines in depth the impact of financial education funding on household education inputs during the compulsory education stage, and accordingly makes recommendations for policy targeting. The result reveals that the local financial expenditures on compulsory education have a significant “crowding-in effect” on families’ education investment. The present study provides novel evidence on the relationship between educational investment and household investment and accordingly makes recommendations for policy targeting.

Keywords:

financial education funding, compulsory education, family investment in education

Chen,Q. (2023). Impact of the Financial Resources Allocated to Education in Each Region on Family Investment in Education at the Compulsory School Level. Lecture Notes in Education Psychology and Public Media,21,251-260.
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References

[1]. Jiang Shaojie. (2019). Research on the Problem of the Impact of Compulsory Education Financial Expenditures on Family Investment in Education (Master’s thesis, Nanjing University of Finance and Economics).

[2]. Gong Yuhan, Zhang Jinhua & Chen Bo’ou. (2023). Substitution or Complementarity: Public Education Finance and Household Education Savings - Empirical Evidence from the Chinese Family Tracking Survey (CFPS). Journal of Shanxi University of Finance and Economics (02), 45-58.

[3]. Li, Li-Hsing & Zhou, Guang-Su. (2015). Household Borrowing Constraints, Public Education Expenditures, and Social Mobility. Economics (Quarterly) (01), 65-82.

[4]. Jia, N. & Liu, G.S.. (2017). Can equalization of compulsory education effectively reduce household out-of-school education expenditure. Peking University Education Review (01),154-172+192.

[5]. Fang, Chao. (2021). Public Education Financial Input, Household Education Expenditure and Cognitive Ability Development of Compulsory Education Students. Journal of National Institute of Educational Administration (08), 25-34.

[6]. Fang, Chao & Huang, Bin. (2022). Crowding in or crowding out: the impact of public education financial investment on household education expenditure. Educational Research (02), 150-159.

[7]. Wang, Xiaoxia & Wu, Binzhen. (2022). The impact of total and structural investment in education on educational outcomes. Economic Science (04),154-168.

[8]. Liu, W.J., Song, H. & Chen, S.I.. (2022). How education finance affects household human capital investment: facts, mechanisms and policy implications. Financial Studies (09), 93-110.

[9]. Wei, Yi. (2022). Redistributive effects of public financial investment in basic education: an empirical analysis based on household survey data. China Institute of Educational Fiscal Science, Peking University. (eds.) China Education Fiscal Policy Consultation Report (2019-2021) (pp. 467-483).

[10]. Ziyao Zhang. (2018). The Impact of Public Education Expenditure on Household Education Expenditure and Its Rural-Urban Differences (Master’s thesis, Xiamen University).

Cite this article

Chen,Q. (2023). Impact of the Financial Resources Allocated to Education in Each Region on Family Investment in Education at the Compulsory School Level. Lecture Notes in Education Psychology and Public Media,21,251-260.

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 International Conference on Global Politics and Socio-Humanities

ISBN：978-1-83558-121-6(Print) / 978-1-83558-122-3(Online)
Editor：Javier Cifuentes-Faura, Enrique Mallen
Conference website: https://www.icgpsh.org/
Conference date: 13 October 2023
Series: Lecture Notes in Education Psychology and Public Media
Volume number: Vol.21
ISSN：2753-7048(Print) / 2753-7056(Online)

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References

[1]. Jiang Shaojie. (2019). Research on the Problem of the Impact of Compulsory Education Financial Expenditures on Family Investment in Education (Master’s thesis, Nanjing University of Finance and Economics).

[2]. Gong Yuhan, Zhang Jinhua & Chen Bo’ou. (2023). Substitution or Complementarity: Public Education Finance and Household Education Savings - Empirical Evidence from the Chinese Family Tracking Survey (CFPS). Journal of Shanxi University of Finance and Economics (02), 45-58.

[3]. Li, Li-Hsing & Zhou, Guang-Su. (2015). Household Borrowing Constraints, Public Education Expenditures, and Social Mobility. Economics (Quarterly) (01), 65-82.

[4]. Jia, N. & Liu, G.S.. (2017). Can equalization of compulsory education effectively reduce household out-of-school education expenditure. Peking University Education Review (01),154-172+192.

[5]. Fang, Chao. (2021). Public Education Financial Input, Household Education Expenditure and Cognitive Ability Development of Compulsory Education Students. Journal of National Institute of Educational Administration (08), 25-34.

[6]. Fang, Chao & Huang, Bin. (2022). Crowding in or crowding out: the impact of public education financial investment on household education expenditure. Educational Research (02), 150-159.

[7]. Wang, Xiaoxia & Wu, Binzhen. (2022). The impact of total and structural investment in education on educational outcomes. Economic Science (04),154-168.

[8]. Liu, W.J., Song, H. & Chen, S.I.. (2022). How education finance affects household human capital investment: facts, mechanisms and policy implications. Financial Studies (09), 93-110.

[9]. Wei, Yi. (2022). Redistributive effects of public financial investment in basic education: an empirical analysis based on household survey data. China Institute of Educational Fiscal Science, Peking University. (eds.) China Education Fiscal Policy Consultation Report (2019-2021) (pp. 467-483).

[10]. Ziyao Zhang. (2018). The Impact of Public Education Expenditure on Household Education Expenditure and Its Rural-Urban Differences (Master’s thesis, Xiamen University).

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