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Economic transition, higher education and worker productivity in China

Country : Singapore
Department : Singapore Management University
Project Title : Economic transition, higher education and worker productivity in China
Researcher : FLEISHER, Belton , YU, Yifan , LI, Haizheng , KIM, Seonghoon
Keyword : Productivity , Returns to education , Marginal product , Firm , China , Transition , Asian Studies , Education , Growth and Development , Labor Economics
Publisher : Institutional Knowledge at Singapore Management University
Year End : 2011
Identifier : https://ink.library.smu.edu.sg/soe_research/2006 , https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=3005&context=soe_research
Source : Research Collection School Of Economics
Abstract / Description :

We investigate the role of education on worker productivity and firms' total factor productivity using a panel of firm-level data from China. We estimate the returns to education by calculating the marginal productivity of workers of different education levels based on estimates of the firm-level production function. We also estimate how the education level of workers and CEO contributes to firms' total factor productivity. Estimated marginal products are much higher than wages, and the gap is larger for highly educated workers. Our estimate shows that an additional year of schooling raises marginal product by 30.1%, and that CEO's education increases TFP for foreign-invested firms. Estimates vary substantially across ownership classes, the effect of schooling on productivity being highest in foreign-invested firms. We infer that market mechanisms contribute to a more efficient use of human capital within firms.

References

FLEISHER, Belton and others / et al. (2011). Economic transition, higher education and worker productivity in China.  Singapore: Singapore Management University.
FLEISHER, Belton and others / et al. 2011. "Economic transition, higher education and worker productivity in China".  Singapore: Singapore Management University.
FLEISHER, Belton and others / et al. "Economic transition, higher education and worker productivity in China."  Singapore: Singapore Management University, 2011. Print.
FLEISHER, Belton and others / et al. Economic transition, higher education and worker productivity in China. Singapore: Singapore Management University; 2011.

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