Table 4.
Indicator to use | Policy implications | Future model improvements |
Use PWLFDR not LFDR or OADR to inform policy | Do not panic and introduce “forced measures” Invest in education and life-long learning, child health, and support for disabled workers |
Add indicators of educational quality beyond years of schooling Investigate other heterogeneity effects: subnational regions, rural—urban settlement, the Hukou registration system in China |