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Labor education, cash transfers and student development: Evidence from China

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  • Li, Bo
  • Lu, Shilin

Abstract

Based on China Education Panel Survey data, this study used the PSM-DID method to explore the relationship between labor education and cash transfers and analyzed the causal effect of its impact on student development. We found that labor education and cash transfers can significantly improve student academic performance and cognitive and noncognitive abilities. There was an obvious crowding in effect between labor education and cash transfers. Upon increasing investment in labor education and reducing cash transfers, students improved their academic performance and had better cognitive and noncognitive abilities. We suggest that the government, schools and families increase investment in labor education to achieve a better level of student development and reduce financial burdens.

Suggested Citation

  • Li, Bo & Lu, Shilin, 2023. "Labor education, cash transfers and student development: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:finana:v:87:y:2023:i:c:s1057521923000819
    DOI: 10.1016/j.irfa.2023.102565
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