Statements on the Data
1) The results are based on the Jorgenson-Fraumeni (J-F) lifetime income method, and we use the Mincer equation to estimate income.
2) The discount rate is 4.58% for results here.
3) We use year 1985 as base year and use CPI as deflator to calculate the real values.
4) The results are based on 5 education categories.
5) The ”labor force human capital” refers to the non-retired population aged 15 and above. For year 2010, it contains human capital for students.
6) The results of the national level and the provincial level are not directly comparable due to different micor-sample used in estimating the Mincer model.
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