The Cultural Revolution and returns to schooling in China: Estimates based on twins

摘要

This paper investigates the returns to schooling in China for the Cultural Revolution (CR) cohort and thenon-CR cohort using a new set of Chinese twins data. Applying the fixed-effects model on twins data,which helps to control for the genetic and family background effects, this paper examines whether the CRcohort has smaller economic returns to schooling than the non-CR cohort. The empirical results in thispaper indicate that the Cultural Revolution has not played a significantly adverse role in the returns toschooling.