THE IMPACT OF LOCAL FISCAL AND MIGRATION POLICIES ON HUMAN CAPITAL ACCUMULATION AND INEQUALITY IN CHINA

• 成果类型: Article
• 署名作者: Sieg, Holger; Yoon, Chamna; Zhang, Jipeng
• 署名单位: University of Pennsylvania; National Bureau of Economic Research; Seoul National University (SNU); Shandong University
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12597
• 发表日期: 2023
• 页码: 57-93
• 关键词: quantitative-analysis; income-distribution; education; PRODUCTIVITY; mobility; PROPERTY; GROWTH; MARKET

摘要

We develop and estimate a spatial overlapping generations model with heterogeneous households to study the feasibility of a recently proposed reform of internal migration policies that offers the potential of decreasing inequality within China. We find that this policy change significantly increases the college attainment of migrant children born in rural areas and, therefore, promises to increase the number of high-skill workers. However, it requires significant tax increases to offset the reduction of the positive fiscal externalities provided by migrants.