Study On The Influence Of Financial Expenditure On Family Education Investment In Compulsory Education

Compulsory education,as the foundation of education,is implemented by the state in a unified way.All school-age children and adolescents must receive national education.Compulsory education is a public good which must be guaranteed by national finance and plays an important role in the whole educational system.In view of the strategic role of compulsory education in the country’s long-term development,the government appropriation of financial education funds is an important part of the whole education input.Family education input,as a supplement to the government’s financial education funds,plays a good role in promoting the development of education.In December 2017,the institute of Chinese education finance and science at Peking University released the data of the first national tracking survey on family education expenditure in China.Statistics show that in 2016,the national expenditure on family education in preschool and basic education reached 1.9 trillion yuan,accounting for nearly 2.5% of the GDP in that year.Public education expenditure and family education input,as two major sources of education funds,have always been the focus of research in the field of educational economics.However,due to the limitation of data,there is little research on the relationship between the two.Therefore,this paper takes the family education input in the stage of compulsory education as the entry point,and makes use of the micro-database of China Institute for Educational Finance Research-Household Survey(CIEFR-HS)to conduct an in-depth exploration of the influence mechanism of the financial expenditure of compulsory education on the family education input.According to public goods theory,multiplier effect theory and micro consumer behavior theory,public education expenditure will produce "crowding out effect" or "crowding in effect" on family education input.In order to further study the effect of compulsory education fiscal expenditure on China’s family education input,this paper,based on the multiplier effect theory,public goods theory and consumer behavior theory,establishes an econometric model for empirical research.By reviewing the previous literature,the author selected the CIEFR-HS database at the county level government spending on education,family education investment,family income per capita,mother’s level of education,family,the number of students,students’ gender,grades,county area,the household registration and other related variable indicators,using Stata 14.0 to return,it was found that the compulsory education finance at the county level for every growth of 1%,will drive the children at the primary stage of county family education investment increased by about 0.3%.In the junior middle school stage of compulsory education,the effect of county-level compulsory education expenditure on family education input is not significant.In this paper,on the basis of empirical research,historical evolution of our country’s compulsory education finance policy and the present conditions of the compulsory education spending and family investment,analyzes the problems existing in the present education policy design,and puts forward the policy Suggestions,in order to formulate public education policy,to guide family education consumption correctly to provide the reference.