Yingying Cheng, Weibin Lan, Wenhao Lan
With the intensification of social competition, the rate of return to education is gradually decreasing. This leads to areduction in the indirect effect of education on happiness. This article uses the bivariate ordered Probit model under theeducational 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. Theimprovement of education level can significantly improve the individual’s subjective well-being, and there are significanturban-rural differences. This shows that education reform and innovation are imperative.
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