Does Attending Elite Colleges Pay in China?

33 Pages Posted: 23 May 2011 Last revised: 6 May 2013

See all articles by Li Hongbin

Li Hongbin

Tsinghua University

Lingsheng Meng

Tsinghua University

Xinzheng Shi

Tsinghua University - School of Economics & Management

Binzhen Wu

Tsinghua University - School of Economics & Management

Date Written: April 22, 2012

Abstract

We estimate the return to attending elite colleges in China using 2010 data on fresh college graduates. We find that the gross return to attending elite colleges is as high as 26.4 percent, but this figure declines to 10.7 percent once we control for student ability, major, college location, individual characteristics, and family background. The wage premium is larger for female students and students with better-educated fathers. We also find that the human capital and experiences accumulated in elite colleges can explain almost all of the wage premium.

Keywords: elite college, first job wage, wage premium, China

JEL Classification: I23, I24, J31, O53

Suggested Citation

Hongbin, Li and Meng, Lingsheng and Shi, Xinzheng and Wu, Binzhen, Does Attending Elite Colleges Pay in China? (April 22, 2012). Available at SSRN: https://ssrn.com/abstract=1849523 or http://dx.doi.org/10.2139/ssrn.1849523

Li Hongbin

Tsinghua University ( email )

Beijing, 100084
China

Lingsheng Meng

Tsinghua University ( email )

Beijing, 100084
China

Xinzheng Shi

Tsinghua University - School of Economics & Management ( email )

Beijing, 100084
China

Binzhen Wu (Contact Author)

Tsinghua University - School of Economics & Management ( email )

School of Economics and Management
Tsinghua University
Beijing, Beijing 100084
China

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