Abstract: To improve human capital accumulation and return is an important factor of upgrading industry and increasing TFP after China has entered into mid-income stage. Using rural migrants’ survey data from State Statistical Bureau, this paper has empirically analyzed education, training and returns of rural migrants, as well as relationship between human capital returns of rural migrants and productivity. Results from Statistical and regression show human capital return of rural migrant accord with mechanism with market allocating labor resources. Rural migrants possessing comparatively higher level of human capital distribute and flow to industry, occupation and region with comparatively higher productivity. Therefore, increasing human capital accumulation is an important policy implication for coping with challenges after Lewis turning point.

Key words: Rural Migrants; Education and Training; Human Capital Returns

(in Journal of  Graduate School of  Chinese Academy of  Social Sciences,No.5,2013)