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《国际英语教育研究:英文版》
>The Effect of Expected Lifetime Income on Students'''' Human Capital Investment Decision-making after Nine-year Compulsory Education
The Effect of Expected Lifetime Income on Students'''' Human Capital Investment Decision-making after Nine-year Compulsory Education
cqvip:Using data from duo-teacher program, I use the mixed logit model and nested logit model to estimate the effect of expected lifetime income on students' human capital investment decision-making after nine-year compulsory education. The result of the mixed logit model shows that one percentage point increase of expected lifetime income will increase students' 3.98 percentage points' probability of choosing corresponding choice, while the nested logit model shows the marginal effect of 4.38. Fathers' educaiton, family income and students' academic performance have significantly positive effect of students' choice probalitiy of going to normal high school and accepting secondary vocational education, which is consistent with the previous literature.
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