Study On The Impact Of Household Debt On Investment In Education

Although the government’s public investment has greatly improved the access rate of various educational resources,the distribution of educational resources is still extremely uneven,so family education investment has become the main source of access to children’s education.In recent years,national policies to promote the long-term and balanced development of the population and ensure the reduction of the burden on families have been introduced one after another,which has also made the issue of investment in education a hot topic again.The amount of investment in household education is often determined by the investment capacity and level of the individual household,which includes income,assets and liabilities.Based on this,this paper takes debt as an entry point to explore the impact of family debt on investment in education.According to the data empirical results,some policy inspiration is put forward for academic reference.This paper uses the data of the CHFS 2017 to carry out an empirical analysis of the impact of household debt on education investment,and answers the three basic questions to be studied in this article: I.whether there is a significant impact of household debt on education investment and the direction of its impact;II.For families under different levels of education investment,whether the impact and degree of impact of household debt are the same;III.When the actual income and asset ownership of families are relatively high,whether household liabilities will also promote investment in education through their own wealth effect or smoothness effect.This paper takes household debt as an explanatory variable.Through ols regression analysis,it is found that household debt has a significant and positive impact on on on-campus and off-campus education investment.Secondly,this paper uses the digit regression model to analyze the samples under different tiles and finds that at different investment levels,with the improvement of investment level tiles,the greater the impact coefficient of household debt on school education investment,but the promotion of off-campus education investment shows a certain fluctuation.In addition,aiming at the research conclusions,this paper puts forward four countermeasures and suggestions from the aspects of student needs and education investment concepts.The innovation of this article is that the scale and structure of family education investment and the impact of household debt on education investment are studied more comprehensively by analyzing micro-family data.Through the use of the digit regression model,it is found that the impact of household debt on education investment is not that the higher the household debt,the better.It exists a The moderate range is set,and for different types of education investment,its impact degree shows different characteristics.Therefore,the research conclusions of this article also supplement the single understanding of the impact of family debt on education investment from all walks of life to a certain extent,which has certain contribution significance.