College Hierarchy and Market Returns: Evidence from CFPS2010 Adult Data

Shengmin Pang

doi:10.54097/jeer.v4i1.10226

Authors

Shengmin Pang

DOI:

https://doi.org/10.54097/jeer.v4i1.10226

Keywords:

College Hierarchy, Non-cognitive Ability, Intelligence, Market Returns

Abstract

As higher education’ expanding, it is what types of colleges people are enrolled rather than whether people are enrolled by colleges is becoming increasingly important to market returns. Using the adult data from 2010 Chinese Household Panel Survey and basing on OLS regression model, the paper analyzes the variation of market returns of the laborers who graduated from ‘Project 211’ colleges and those who did not graduate from ‘Project 211’ colleges. The results show that the types of colleges have a significant impact to laborer's market returns, even after controlling for individual ability. Although the estimated coefficient based on PSM is slightly smaller than the coefficient based on OLS regression results, it is still significant. In addition, the paper finds that non-cognitive ability rather than intelligence has a significant impact on college-educated laborer' market returns.

Downloads

Download data is not yet available.

References

INE, Annual data - Education - Number of higher education schools - 1992: http://data.stats. gov.cn/ easyquery.htm? cn= C01&zb =A0M0C&sj=1992.

INE, Annual data - Education - Number of students in higher education institutions- 1992: http://data. stats.gov. cn/ easyquery. htm?cn=C01&zb=A0M0D&sj=1992.

INE, Annual data - Education – Number of higher education schools - 2017:http://data. stats.gov.cn/ easyquery. htm?cn= C01&zb =A0M0C&sj=2017.

INE, Annual data - Education - Number of students in higher education institutions -2017: http:// data. stats. gov.cn/ easyquery. htm? cn=C01&zb=0M0D&sj=2017.

Ministry of Education of the People's Republic of China "2017 National Education Development Statistical Bulletin": http://www. moe. edu.cn/jyb_ sjzl/sjzl_ fztjgb/ 201807/ t2018 0719_343508.htm.

Martin T. Problems in the Transition from Elite to Mass Higher Education[M]. Berkeley: Carnegie Commission on Higher Education, 1973.

Lucas, Samuel R. Effectively Maintained Inequality: Education Transitions, Track Mobility, and Social Background Effects [J]. American Journal of Sociology, 2001, 106(6):1642-1690.

Chunling Li. The Impact of Social and Political Changes and Unequal Educational Opportunities--Family Background and Institutional Factors on Education Access (1940-2001) [J]. Social Sciences in China, 2003(3): 86-98.

Yuxiao Wu. Inequality of educational opportunities among urban and rural residents in China and its evolution (1978-2008) [J]. Social Sciences in China, 2013(3): 4-21.

YeH. Key-Point Schools and Entry into Tertiary Education in China [J]. Chinese Sociological Review, 2015, 47(2):128-153.

Shengmin Pang. Family Background, Shadow Education and "Initial Elevation": A New Perspective for Understanding the Stratification of Education in Contemporary Chinese Society[J], Social Development Research, 2017(4): 105-123.

Zeyun Liu, Muyuan Qiu. Estimation of Quality Benefits in Higher Education: A Study Based on Propensity Index Matching Method [J]. Chinese Science, 2011(5): 85-92.

Chunji Chen, Yongmei Hu. Trends of education rate of urban residents in China[J]. Journal of Beijing Normal University: Social Science Edition, 2013(5): 54-67.

Feng Deng, Xiaohao Ding. Analysis of long-term trend of China's education yield[J]. Statistical Research, 2013(7): 39-47.

Black D A, Smith J A. How robust is the evidence on the effects of college quality? Evidence from matching[J]. Journal of Econometrics, 2004, 121(1):99-124.

Black D A, Smith J A. Estimating the Returns to College Quality with Multiple Proxies for Quality[J]. Journal of Labor Economics, 2006, 24(3):701-728.

Long M C. College quality and early adult outcomes[J]. Economics of Education Review, 2008, 27(5):558-602.

Long M C. Changes in the returns to education and college quality[J]. Economics of Education Review, 2010, 29(3):338-347.

[29] Zhong H. Returns to higher education in China: What is the role of college quality? [J] China Economic Review, 2011, 22(2): 260–275.

Lingli Xu, Chunrong Ai. The Quality Difference in Higher Education Returns: A Comparative Study of Ministry, Provincial and Local Colleges[J]. Economic Theory and Economic Management, 2016(8):102-110.

Mincer J. Schooling, Experience, and Earnings[M]. New York: Columbia Press, 1974.

Becker G. S. Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education[M]. New York: National Bureau of Economic Research, 1975.

Tsamadias C, Chanis S. Testing the role of screening with vocational skills: the case of post-secondary initial vocational training institutes in Greece[J]. Empirical Research in Vocational Education & Training, 2013, 4(2):149-161.

Akerlof G A. Labor Contracts as Partial Gift Exchange [J]. The Quarterly Journal of Economics, 1982, 97(4): 543-569.

Spence M A. Signaling in Retrospect and The Informational Structure of Markets [J]. American Economic Review, 2002, 92(3): 434-459.

Chunni Zhang, The Influence of Divorce on Children's Development of Young Chinese Parents: An Empirical Study Based on CFPS 2010-2014[J]. China Youth Studies, 2017(1): 5-16.

Guihua Xie, Yangyang Zhang. Approaching the Party and Being Accepted by the Party: A Study on College Students' Joining the Party[J]. Sociology, 2016(3): 32-62.

Guoying Huang, Yu Xie. Effects of cognitive ability and non-cognitive ability on the return of youth labor income[J]. Chinese Youth Studies, 2017(2): 56-63.