This article presents an explanation to the paradox of why increased household incomes in rural areas in China are accompanied by decreased motivation for consumption. The empirical analysis shows a reduction in rural residents' consumer spending with the exception of spending on medical treatment and education. This effect is stronger in poor…

In the process of China's transformation from a socialist to a post-socialist society, China's entire system of education has experienced breathtaking expansion and reform. In this context, first-tier universities increasingly accept students from more financially well off backgrounds. While second-tier universities are inclined to accept more…

This paper constructs an intertemporal substitution educational model based on endogenous growth theory and examines the rural education, farmer income and rural economic growth problems in China. It shows that the households originally with the same economic endowment but different education endowment take different growth routes, the income…

This book examines the political and economic consequences of the United States' growing reliance on the market and the effects that this growing reliance is having on U.S. workers and their families. The following are among the topics discussed in the book's 10 chapters: (1) consequences of the turn to the market (disinvestment, imbalance between…