How Education Fiscal Expenditure Can Disrupt Intergenerational Transmission of Poverty
Education is widely recognized as a key factor in addressing poverty,and educa-tional finance is an important guarantee for the implementation of education poverty allevia-tion policies.While existing research has reached a relatively consistent conclusion regarding the intergenerational transmission of poverty through education finance,economic analysis on this matter is still relatively scarce.Therefore,this paper utilizes data from the China Family Panel Studies(CFPS)to examine the impact of the structure of educational finance expenditure on the intergenerational transmission of relative poverty,from the perspectives of relative poverty and the internal structure of finance utilization.Educational finance ex-penditure is divided into two major categories:cash assistance expenditure and non-cash as-sistance expenditure(including teacher expenditure and public expenditure).Mathematical models and empirical methods are employed to evaluate the effects.The study finds that edu-cational finance expenditure has a significant inhibitory effect on the intergenerational trans-mission of relative poverty,with student assistance expenditure,as direct cash assistance,having a particularly significant effect.Furthermore,the paper explores the mechanism of student assistance expenditure,and the results indicate that cash assistance expenditure plays a significant role in"nurturing aspirations"and"nurturing intelligence",effectively reducing the probability of intergenerational transmission of relative poverty by increasing individuals'confidence in the future and their years of education.In the"post-poverty allevia-tion era"and under limited educational finance expenditure,optimizing the internal struc-ture of finance utilization and appropriately increasing cash assistance expenditure for stu-dents will help alleviate the problem of intergenerational transmission of relative poverty.