Study on Influencing Factors of Residents' Education Expenditure from the Perspective of Baumol's Disease

DOI

10.2991/978-94-6463-042-8_82How to use a DOI?

Keywords

Baumol's disease; Educational burden of residents; The salary level of teachers; The "double reduction" policy

Abstract

Data from the National Bureau of Statistics show that in recent years, both the per capita education expenditure of Chinese residents and the national financial expenditure on education have shown a steady rise. Although the intensity of financial support has not been reduced, the per capita education expenditure of Chinese residents has always accounted for more than 10% of the per capita consumption, indicating that the educational burden of residents has not been effectively reduced. From the perspective of Baumol's disease and combined with the panel data of 31 provinces in China, this paper attempts to establish a two-way random effect model to quantitatively analyze the influencing factors of residents' education expenditure in China. The study finds that there is a negative elastic relationship between teachers' salary level and residents' education expenditure, that is, there is no significant Baumol's disease in China's education industry. However, there is a problem that the low salary level of teachers leads to the increase of residents' education expenditure. Further, through regional grouping regression, it is found that the higher the regional economic development level is, the greater the absolute value of this elasticity is, that is, the stronger the reverse effect of teachers' salary on education expenditure is.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Jinxian Wen
PY  - 2022
DA  - 2022/12/29
TI  - Study on Influencing Factors of Residents' Education Expenditure from the Perspective of Baumol's Disease
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 574
EP  - 580
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_82
DO  - 10.2991/978-94-6463-042-8_82
ID  - Wen2022
ER  -