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The Effect of Education Investment on Individual Lifetime Income——Empirical Analysis based on Chinese Provincial Data

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DOI: 10.23977/emsd.2019.051


Guo Cheng

Corresponding Author

Guo Cheng


The education investment has always been the popular topic which people are concerned. From the perspective of the influence of the education investment on the lifetime income, this paper uses the modified Cobb-Douglas production function and joins the J-F method to analyze the process of the formation of lifetime income. During this process, we will pay attention to the role of education investment. The empirical results show that compared to fixed-asset investment, education investment has a more significant effect on life-long income. This effect is particularly prominent in underdeveloped regions, such as interior and west provinces and rural areas.


Education investment, Lifetime income, J-F method, linear regression

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