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Falling financial satisfaction in a ...

Shao, Boheng.

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Falling financial satisfaction in a rapidly growing Chinese economy: What role does education play in determining financial satisfaction?

Record Type:	Electronic resources : Monograph/item
Title/Author:	Falling financial satisfaction in a rapidly growing Chinese economy: What role does education play in determining financial satisfaction?/
Author:	Shao, Boheng.
Description:	51 p.
Notes:	Source: Masters Abstracts International, Volume: 52-06.
Contained By:	Masters Abstracts International52-06(E).
Subject:	Education finance. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1555192
ISBN:	9781303870422

Falling financial satisfaction in a rapidly growing Chinese economy: What role does education play in determining financial satisfaction?
Shao, Boheng.

Falling financial satisfaction in a rapidly growing Chinese economy: What role does education play in determining financial satisfaction? - 51 p.

Source: Masters Abstracts International, Volume: 52-06.

Thesis (M.P.P.)--Georgetown University, 2014.

This item must not be sold to any third party vendors.

While disposable income in both rural and urban China has dramatically increased, financial satisfaction declined in the early-2000s and increased slightly in the late 2000s. This paper analyzes the relationship between education and financial satisfaction. The major finding is that financial satisfaction is only positively correlated with education among those at the highest income level while the correlation remains negative among all other income groups. As China's economy has grown, income inequality has become an increasingly important factor in reducing financial satisfaction. While education inequality resulting from unequal distribution and lack of sufficient educational resources has created heavy entry barriers to secondary and post-secondary education, increasing income inequality only compounds the problem. In a country where an education premium exists, failure of education to satisfy people's expectation of future income may ultimately cause social instability and low government credibility. In this spirit, findings of this paper can serve as a prescription for the Chinese central government to improve its ongoing reform, manifest greater socio-economic mobility, and establish a harmonious society.

ISBN: 9781303870422Subjects--Topical Terms:

3172165
Education finance.

Falling financial satisfaction in a rapidly growing Chinese economy: What role does education play in determining financial satisfaction?
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245 1 0 $a Falling financial satisfaction in a rapidly growing Chinese economy: What role does education play in determining financial satisfaction?
300 $a 51 p.
500 $a Source: Masters Abstracts International, Volume: 52-06.
500 $a Adviser: Andreas T. Kern.
502 $a Thesis (M.P.P.)--Georgetown University, 2014.
506 $a This item must not be sold to any third party vendors.
520 $a While disposable income in both rural and urban China has dramatically increased, financial satisfaction declined in the early-2000s and increased slightly in the late 2000s. This paper analyzes the relationship between education and financial satisfaction. The major finding is that financial satisfaction is only positively correlated with education among those at the highest income level while the correlation remains negative among all other income groups. As China's economy has grown, income inequality has become an increasingly important factor in reducing financial satisfaction. While education inequality resulting from unequal distribution and lack of sufficient educational resources has created heavy entry barriers to secondary and post-secondary education, increasing income inequality only compounds the problem. In a country where an education premium exists, failure of education to satisfy people's expectation of future income may ultimately cause social instability and low government credibility. In this spirit, findings of this paper can serve as a prescription for the Chinese central government to improve its ongoing reform, manifest greater socio-economic mobility, and establish a harmonious society.
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