This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century … return to education has increased substantially in China, compared to the returns measured in the 1980 s and the early 1990's. …

responses to education and find evidence for substantial heterogeneity in unobserved variables on which agents make choices. The … estimated treatment effects of education are decomposed into the direct benefits of attaining a given level of schooling and … estimated treatment effects. While the estimated causal effects of education are substantial for most outcomes, we also estimate …