As China transforms from a socialist planned economy to a market-oriented economy, its returns to education are … for education: the China Compulsory Education Law of 1986. We use differences among provinces in the dates of effective … implementation of the compulsory education law to show that the law raised overall educational attainment in China by about 0.8 years …

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …