Center for East Asian Studies at University of Pennsylvania.

The expansion of higher education and its impact on social stratification has increasingly received attention among stratification scholars. A classic question is “whether a college degree is still the great equalizer?” We investigate this issue through two related projects in the context of China’s higher education expansion since 1999. In the first project we analyze the data from a series of nationally representative surveys from 1996 to 2015, and shows the “true” college premium is rather small for the post-expansion cohort, and that the college premium after the expansion declines more for rural-origin children with schooling probabilities in the top percentiles than for their urban counterparts. The second analyzes the data from Beijing College Students Panel Survey (2009-2013) to estimate the returns to elite college education (Peking University and Tsinghua University). We employ a fuzzy regression discontinuity design to address the selection bias, and reveal that the causal effect of an elite college degree on earnings is significant only for students from advantaged family background, and cultural capital plays an important role in generating such outcomes. We highlight the importance of social processes in understanding how educational expansion affects return to (elite) college education and how such effects vary among people of different family origins.