Research on the Impact of Human Capital Investment on Intergenerational Income Mobility

Abstract

The issue of intergenerational income flow is related to social equity and equal opportunities. In recent years, China's intergenerational income mobility has declined, showing a trend of class consolidation. As people's requirements for social justice are getting higher and higher, it is urgent to improve China's intergenerational income mobility. An essential mechanism of intergenerational income transmission is human capital represented by education. The improvement of education level will help individuals get rid of class constraints and realize intergenerational upward mobility. On the other hand, the imbalance of educational opportunities will strengthen class intergenerational transmission makes "the poor get poorer and the rich get richer." Based on the theoretical framework of human capital, this article analyzes the impact of family education investment and public education expenditure on intergenerational income mobility, and explores the existing problems and causes, and proposes relevant policy recommendations for improving public education expenditure on this basis.