Research On The Impact Of Family Education Investment In Shandong Province On Educational Income

In recent years,education investment and income has always been a hot topic of discussion,and the investment and income of family education has been a hot topic of research by scholars.At present,countries around the world pay more and more attention to education,and education development and reform are in full swing.Most domestic scholars basically study the internal mechanism and impact of family education investment based on the country.Education investment,as the most important aspect of human resources investment,plays a very important role in national social and personal development.Among them,as the main body of education investment,the family’s investment in education will have a huge impact on the future development of children,social stability,and the progress of national education.Therefore,mastering the investment theory of family education and encouraging families to make correct investment in education have far-reaching significance for the development of society and the development of our country.As a major education province in my country,there are very few articles on family education investment taking Shandong Province as the research object.Family education investment is a decisive factor for children’s future education and development.A good family education investment helps to achieve twice the result with half the effort.Therefore,it is necessary to make a profound study on the investment in family education in Shandong Province.Starting from the direction of family education investment and income,combined with the current background,status quo,reasons,influencing factors,income and other aspects,this paper uses the Mincer income equation model,quantile regression and propensity score matching methods to obtain the family education income.Some characteristics can provide theoretical reference for individuals to decide whether to go to school,whether to strengthen investment in education,the government’s financial expenditure on education,and the education of Shandong Province.This paper uses CGSS 2012,2013,2015,2017,2018 China Comprehensive Social Survey Shandong Province data and CFPS 2018 Shandong Province family,individual and family economic situation data,and integrates it to analyze the impact of family education investment in Shandong Province on educational income.The research results show that: 1.The income rate of family education in Shandong Province is about 5.13%,which is in line with the actual situation.2.Using the quantile regression method to analyze the Mincer income equation,the results show a trend of first rising and then falling,and the educational return rate of men is lower than that of women,and the return to education in rural areas is lower than that in urban areas.The rate of return to education and the rate of return to education for married people are lower than those for unmarried people.3.Using the propensity score matching method to analyze the five variables of political appearance,gender,health status,region,and marital status,it is found that the gap between the five matching variables ranges from 5,000 to 12,000 yuan,and the largest is the gender variable.Women’s income is generally about 12,000 yuan lower than that of men.Finally,according to the empirical analysis results,the following suggestions are made: 1.Actively guide the family education investment concept.2.Use social forces to help families invest in education.3.The government supports education and increases investment in education funds.4.Establish a sound education system and promote investment in education.