This paper employs cointegration and error-correction modelling to test the causal relationship between real income, real investment and tertiary education using data for the People's Republic of China over the period 1952-1999. To proxy tertiary education we use higher education enrolments and higher education graduates in alternative empirical…

Uses data from China's market-oriented rural industrial sector to test education's effects on wage determination after 10 years of economic reform. Although education has influenced wage determination differently for various groups in diverse institutional and technological settings, this difference reflects a labor-productivity effect. This trend…