Table 5 Vocational vs. academic upper secondary education.
From: Dynamics of returns to vocational education in China: 2010–2017
Model1 | Model2 | Model3 | Model4 | |||||
|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
Panel A: IV estimates | ||||||||
F statistic of first stage | 22.06 | 1.083 | 2.623 | 196.2 | ||||
Durbin p-value | 0.056 | 0.332 | 0.001 | 0.827 | ||||
βvus | −0.734* (0.412) | 1.420 (2.050) | 2.532* (1.351) | 0.031 (0.132) | ||||
N | 3983 | 1700 | 4143 | 4143 | ||||
Panel B: Lewbel estimates | ||||||||
Chi-sq of Breusch-Pagan test | 116.54 | 9.97 | 86.95 | 139.08 | ||||
p-value | 0.000 | 0.002 | 0.000 | 0.000 | ||||
βvus | −0.193** (0.089) | −0.031 (0.231) | 0.019 (0.103) | 0.047 (0.079) | ||||
N | 4015 | 1715 | 4277 | 4416 | ||||
Adj R-squared | 0.276 | 0.253 | 0.280 | 0.279 | ||||
Panel C: PSM estimates | ||||||||
N.treat | N. control | ATT | Std. Err. | t-statistic | ||||
(1) | (2) | (3) | (4) | (5) | ||||
2612 | 2103 | −0.036 | 0.035 | −1.009 | ||||
