Abstract
In China, increasing income inequality has created excessive obstacles to the social mobility of low-income children. Private wealth may play a positive role in ameliorating inequality by way of investing in education philanthropy. Using an alumni survey from a high school in Guangdong, China, this paper utilizes human capital theory to examine the effects of education philanthropy on human capital accumulation and well-being for low-income and gifted students. The findings indicate that a well-designed education philanthropy program significantly increases well-being via human capital accumulation for these children and demonstrates potential to also reduce intergenerational inequality.
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