The influence of family background and parents' education level on the income of their children

Abstract

Based on the Probit model and Mincer equation, this paper uses CHIP (Chinese Household Income Project) to study China's economic income inequality from the perspective of family education background. The results show that individual income is significantly affected by education level; At the same time, personal education level is affected by the education level of parents. That is to say, the higher the educational level of parents, the greater the positive impact on their children's education, and the greater the positive impact on their children's income. Parents with higher education level are more likely to have their children receive high school and university education. The inequality of educational opportunity is higher in women than in men, and higher in cities than in rural areas.