Human Capital, Economic Growth, and Inequality in China

11 Pages Posted: 25 May 2012

See all articles by James J. Heckman

James J. Heckman

University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute)

Junjian Yi

University of Chicago - Department of Economics; The Chinese University of Hong Kong (CUHK)

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Date Written: May 2012

Abstract

China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial investments in producing it. The egalitarian access to medium skilled education characteristic of the pre-reform era has given rise to substantial inequality in access to higher levels of education. China's growth will be fostered by expanding access to all levels of education, reducing impediments to labor mobility, and expanding the private sector.

Suggested Citation

Heckman, James J. and Yi, Junjian, Human Capital, Economic Growth, and Inequality in China (May 2012). NBER Working Paper No. w18100. Available at SSRN: https://ssrn.com/abstract=2066398

James J. Heckman (Contact Author)

University of Chicago - Department of Economics ( email )

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American Bar Foundation

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Institute for the Study of Labor (IZA)

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CESifo (Center for Economic Studies and Ifo Institute)

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Junjian Yi

University of Chicago - Department of Economics ( email )

1126 East 59th Street
Chicago, IL 60637
United States

The Chinese University of Hong Kong (CUHK)

Shatin, N.T.
Hong Kong
Hong Kong

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