skip navigation
Loading Events

« All Events

  • This event has passed.

Can Elite College Education Change One’s Fate in China

October 22 @ 3:30 pm - 5:00 pm

Free

Hongbin Li
James Liang Chair, Co-Director of the Stanford Center on China’s Economy and Institutions, and Senior Fellow of the Stanford Institute for Economic Policy Research

Join the Zoom meeting
https://buffalo.zoom.us/j/95570390263?pwd=QTFCY21lUktXdms4d0Fncnl4VWQ2QT09
Meeting ID: 955 7039 0263
Passcode: 211022

Abstract
Using our own survey data of 32,000 recent college graduates, we empirically investigate how receiving an elite college education affects social mobility in China. At a level similar to prior literature, we find a strong correlation between college graduates’ income and their parents’ income. However, the impact of receiving an elite college education in moving up the income ladder is much larger: it is twice as large as that of moving parental income from the bottom to the top quintile. Elite education not only is a more important predictor of income, but also is accessible to students from lower income families. In fact, our data indicate that students from lower-income backgrounds only have a slight disadvantage in admission to elite colleges, a disadvantage due to their lower score in the National College Entrance Exam; conditional on scoring above the elite college admission cutoff scores, students from low- and high-income families have an equal chance of elite college admission. These results together suggest that access to elite education through China’s exam-based college admission system is an important mechanism to increase social mobility, at least among those who have a college degree.  However, we do not deny the importance of family background. In fact, our evidence indicates that elite education cannot alter the correlation of income ranks across generations. Although an elite college education does not affect the probability of a college graduate entering into an elite occupation or industry, parental backgrounds do.

Bio
Hongbin Li is the James Liang Chair, Co-Director of the Stanford Center on China’s Economy and Institutions (SCCEI), and Senior Fellow of the Stanford Institute for Economic Policy Research. He got Ph.D. in economics from Stanford in 2001. Before joining Stanford faculty, he was C.V. Starr Chair Professor of Economics at Tsinghua University and professor of economics at the Chinese University of Hong Kong. His research focuses on China’s development and transition, and he is one of the most cited economists in the world studying China. He is the co-editor of The Journal of Comparative Economics, a leading economics journal studying the transition to a market economy.

Details

Date:
October 22
Time:
3:30 pm - 5:00 pm
Cost:
Free

Organizer

Department of Economics
Phone:
716-645-8670
Website:
http://economics.buffalo.edu/