编号：e-2024-4-2
题目：weathering the storm: how do free compulsory education and early-life shocks shape long-term education attainment?
作者：wenjing peng, yaojing wang
九游会平台的联系方式：yaojing wang, wangyaojing@pku.edu.cn.
摘要：we explore how early-life shocks interact with subsequent human capital investments to impact individuals’ long-term education attainment. leveraging the rollout of free compulsory
education reform in rural china and early-life rainfall shocks as two sources of exogenous variation, we employ cohort difference-in-differences and triple-differences methods to identify the causal effects on educational outcomes. we show that exposure to the reform significantly improves grade completion during compulsory schooling. conversely, early-life adverse rainfall substantially decreases educational attainment, leading to an average decrease in schooling of 0.2-0.4 years. however, longer exposure to the reform mitigates these adverse effects, with approximately three additional semesters of enrolment compensating for a onestandard-deviation increase in early-life extreme rainfall exposure. our findings suggest a dynamic substitutability rather than complementarity between family and government human capital investments.
关键词：human capital investment, education attainment, dynamic substitutability, free compulsory education reform, early-life shocks