Abstract

Abstract With the intensification of social competition, the rate of return to education is gradually decreasing. This leads to a reduction in the indirect effect of education on happiness. This article uses the bivariate ordered Probit model under the educational field theory to investigate the impact of higher education innovation on social class and residents’ happiness. The results show that the innovation and reform of higher education will have a certain impact on residents’ happiness. The improvement of education level can significantly improve the individual's subjective well-being, and there are significant urban-rural differences. This shows that education reform and innovation are imperative.

Highlights

  • As the old saying goes, ‘everything is inferior, only reading is high.’ It can be seen that receiving education in Chinese traditional culture is a noble and beautiful thing

  • We use a semi-parametric estimation method based on the ordered probit model to test the impact of education on happiness

  • We mainly explore the mechanism of higher education’s influence on individual subjective well-being and still adopt the non-parametric estimation of the orderly corresponding probit model

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Summary

Introduction

As the old saying goes, ‘everything is inferior, only reading is high.’ It can be seen that receiving education in Chinese traditional culture is a noble and beautiful thing. Since the founding of New China, especially after the college entrance examination reform in 1977, Chinese education has developed rapidly [1]. Chinese social civilization has reached a new height with the development of education, and social values have undergone great changes. Education in China entrusts the hope of hundreds of millions of families for a better life and shoulders the ultimate task of the personal pursuit of a happy life. People’s happiness is indirectly improved through objective conditions such as rising income levels and social status. As social competition intensifies, the rate of return to education decreases. This leads to a reduction in the indirect effect of education on happiness. How to effectively guide and correctly play the function and role of education in social development and transformation is very important

Literature review
Samples and data sources
Model estimation
The path of higher education’s influence on happiness
Findings
Conclusion
Full Text
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