Can Financial Assistance Improve Human Capital?—Empirical Analysis Based on CEPS Data
The financial assistance directed to compulsory education is a major form taken by the special transfer payment with Chinese characteristics.Based on the new human capital theo-ry,the fixed effect model of propensity score matching is used to examine the impact of financial assistance on human capital based on the data of China Education Panel Survey(CEPS).The re-sults show that financial assistance plays a role in improving the human capital,as manifested in the improvement of individual non-cognitive ability,extroversion,conscientiousness and open-ness.At the same time,self-education expectation and parental accompaniment exert a mediating effect between financial assistance and human capital.In this study,it is revealed that the finan-cial assistance,as a form of inclusive special transfer payment,has produced an excellent per-formance in practice,which is effective in improving the human capital.Besides,parental educa-tion plays an important role in assisting this process.
financial assistancehuman capitalpropensity score matchingnew human cap-ital theory
国家科技期刊平台
NSTL
万方数据
