The Actual and Potential Effects of Education on Intergenerational Income Mobility:The Perspective of Counterfactual Construction
As the main form of human capital investment,education is a key self-induced factor affecting intergenerational mobility.Based on CHIP data,we used the counterfactual decomposition method to measure the actual and potential effects of education on the intergenerational income mobility of Chinese residents and to portray the trend of the chronological changes of these two effects.The re-sults showed that the intergenerational income mobility of Chinese residents in-creased during the investigation period,and did not show the trend of class solidi-fication.Education created 9.07％of intergenerational income mobility,but under ideal conditions,education should theoretically create 22.8％of intergenerational income mobility.With the passage of time,the actual effect of education on inter-generational income mobility first increased and then decreased,while the poten-tial effect and the gap between the two effects increased generation by generation.The findings indicate that the role of education in promoting intergenerational in-come mobility has not been fully utilized,and it has been weakening since the 1990s.To better leverage the role of education in intergenerational income mobili-ty,it is necessary to improve the fairness of education by adjusting public educa-tion policies,and continue to deepen the market-oriented reform of China's eco-nomic system to improve the returns to education.
Intergenerational Income MobilityActual EffectsPotential EffectsCounterfactual Decomposition
万方数据
