Economic transition, higher education and worker productivity in China

@inproceedings{Kniesner2011EconomicTH,
  title={Economic transition, higher education and worker productivity in China},
  author={Thomas J. Kniesner and Yifan Hu and Hou-Feng Li and Seonghoon Kim},
  year={2011}
}
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… CONTINUE READING

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