Rozelle, Scott; deBrauw, Alan - Rural Education Action Project at Stanford University
Previous studies have found that the returns to education in rural China are far lower than\r\nestimates for market economies. In this paper, we try to determine why previous estimates are\r\nso low. Whereas estimates for the early 1990s average 2.3 percent, we find an average return\r\nof 6.4...