Abstract:
Using CHFS2013 data, we empirically study the income and occupation choices of Chinese overseas returnees. We carry out our regression analyses on matched samples, and hence our results are quite robust across different model specifications and instrumental variables. We find that: for people with graduate degrees, overseas returnees earn about 36% more annually, work around 140 hours more annually, and get an hourly wage 33% higher than the domestic; the overseas premium for graduate students are partly due to signaling effect, but more importantly due to higher human capital effect; overseas returnees with graduate degrees are more likely to enter technical, business and service industries, especially foreign-funded ventures; undergraduate overseas returnees have no significant differences in terms of income, working hour and occupation choices, when compared with domestic undergraduates; Overseas returnees are more likely to get promoted.
孙榆婷, 杜在超, 赵国昌, 李睿. 出国镀金,回国高薪？[J]. 金融研究, 2016, 437(11): 174-190.
SUN Yuting, DU Zaichao, ZHAO Guochang, LI Rui. Do Chinese Overseas Returnees Earn More?. Journal of Financial Research, 2016, 437(11): 174-190.
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