Investments in human capital: The evidence from China’s new rural pension scheme

Tang, Le; Sun, Shiyu; Yang, Weiguo

doi:10.1016/j.ribaf.2020.101345

Cited by 21 publications

(16 citation statements)

References 43 publications

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“…In addition, endogenous issues may arise due to omitted variables and reverse causality ( Hill et al, 2020 ; Yang et al, 2020 ). The financial literacy of residents may be affected by participation in financial markets ( Tang et al, 2021 ; Zhao and Qu, 2021 ). Their understanding of financial products will be deepened through continuous learning and participation in the stock markets.…”

Section: Resultsmentioning

confidence: 99%

“…This study considered various control variables based on the prior studies ( Korkmaz et al, 2021 ; Xu et al, 2021 ), including age, age square, education level, marital status ( Married ), health status ( Health ), risk attitude, and other demographic characteristics ( Lei et al, 2013 ; Zhao et al, 2016 ; Shu, 2018 ; Tang et al, 2021 ; Zhao and Qu, 2021 ). Family characteristic variables included the following: Number of children in the family (age<15), number of elderly in the family (age > 60), family size, homeownership, owning two or more houses, total family income (natural logarithm), and total family assets (take natural logarithm).…”

Section: Methodsmentioning

confidence: 99%

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Does Financial Literacy Affect Household Financial Behavior? The Role of Limited Attention

Xu¹,

Yang

Ali

et al. 2022

Front. Psychol.

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Financial literacy is essential for every individual concerned with public welfare and household portfolio choices. In this study, we investigate the impact of household financial literacy on individuals’ financial behavior using the China Household Financial Survey Data (CHFS) of 2015 and 2017. The results show that financial knowledge has significant current, long-term, and dynamic effects on financial behavior. This finding suggests that financial literacy is an important factor in shaping and improving financial behavior. Second, financial literacy can improve residents’ limited attention, and residents with high attention tend to have formal bank accounts, participate in the stock market, and engage in financial behaviors in situations such as risky financial markets. High attention also helps to improve residents’ financial behavior. This relationship suggests that financial literacy positively impacts formal bank account holding, participation in financial markets, participation in commercial insurance, participation in pension plans, and credit card holdings through limited attention channels that facilitate access to specific financial information. In addition, heterogeneity analysis showed that the impact of financial literacy on financial behavior differs significantly between urban and rural households, between men and women, and between high and low education levels. The study provides valuable insights for policy implications to enhance financial literacy, such as carrying out financial training to improve residents’ knowledge about financial aspects, which further helps to optimize household financial decision-making.

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Section: Resultsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Does Financial Literacy Affect Household Financial Behavior? The Role of Limited Attention

Xu¹,

Yang

Ali

et al. 2022

Front. Psychol.

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“…When humans develop in terms of income, they have the ability to invest in themselves in the form of better human capital investments. This causes education to be important in developing human capital for work productivity which has an impact on the ability to invest in better human capital in the future so that humans are getting better at earning income and the life they are getting will be better and more comfortable (De Neve & Fink, 2018; Tang et al, 2021). A good education will encourage people to be healthier, more productive, and happier.…”

Section: Introductionmentioning

confidence: 99%

The Comparation of Foreign Financial Investment and Human Investment Effect on Economic in Indonesia Base on Macro Economic Point of View

Widarni

Bawono

2021

EEA

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The purpose of this study is to compare the impact of the direction of the relationship between education and health investment with economic growth in Indonesia, with the impact and direction of the relationship of foreign direct investment and portfolio investment with economic growth in Indonesia. This study uses a quantitative method using the Threshold Autoregressive model. This study uses secondary data from the world bank in the annual time period from 2000 to 2019. We found that Investment in education and health has an impact on increasing productivity which drives economic growth because labor productivity directly drives the real sector. However, FDI and FPI changed the financial position in terms of capital. Direct investment increases real capital which has an impact on the creation of new sources of economic production but has consequences in the form of income transfers abroad, resulting in cash outflows. The existence of these foreign transfers continuously when economic conditions are stable and the real sector grows and generates profits that can be greater than the cash inflows obtained when foreign direct investments are made.

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“…Since the distribution of income and wealth is key to determining the level of injustices and inequalities such as poverty, unemployment and poor standards of living, therefore there is reason to believe that the connection between quality education, human capital and economic growth is an important starting point for addressing social justice. There is growing empirical evidence that education facilitates the development of human capital which determines the long-term economic growth and economic development patterns observed across the globe (Atiq-ur-Rehman et al 2020;Tang, Sun & Yang 2021;Siddiqui & Rehman 2017). Improved economic growth leads to economic development, which in turn has direct and indirect linkages with distribution of income, wealth, resources and wellbeing of the nation.…”

Section: Social Justicementioning

confidence: 99%

The effects of personal epistemological beliefs on pedagogical use of information and communications technologies: A comparative case of Gauteng and North-West provinces in South Africa

Mlambo¹,

Rambe²

2021

Quality Education: The Nexus of Human Capital Development, Economic Growth and Social Justice in a South African Context

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Peer review declarationThe publisher (AOSIS) endorses the South African 'National Scholarly Book Publishers Forum Best Practice for Peer Review of Scholarly Books'. The manuscript was subjected to rigorous two-step peer review prior to publication, with the identities of the reviewers not revealed to the author(s). The reviewers were independent of the publisher and/ or authors in question. The reviewers commented positively on the scholarly merits of the manuscript and recommended that the manuscript be published. Where the reviewers recommended revision and/or improvements to the manuscript, the authors responded adequately to such recommendations.

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Investments in human capital: The evidence from China’s new rural pension scheme

Cited by 21 publications

References 43 publications

Does Financial Literacy Affect Household Financial Behavior? The Role of Limited Attention

Does Financial Literacy Affect Household Financial Behavior? The Role of Limited Attention

The Comparation of Foreign Financial Investment and Human Investment Effect on Economic in Indonesia Base on Macro Economic Point of View

The effects of personal epistemological beliefs on pedagogical use of information and communications technologies: A comparative case of Gauteng and North-West provinces in South Africa

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