2021
DOI: 10.1111/1468-4446.12850
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From workers to capitalists in less than two generations: A study of Chinese urban top group transformation between 1988 and 2013

Abstract: The transformation of China from a poor and egalitarian country to an upper-middle-income country with a level of income inequality greater than in the United States has been the subject of innumerable publications. Chinese transformation is a unique event in world economic history: never have so many people over such a relatively short period of time increased their income so much. China's GDP per capita in 1978, at the time of the initiation of

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Cited by 12 publications
(6 citation statements)
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“…Nonetheless, economic development has also occurred alongside escalating inequality within urban areas. The urban elite not only are wealthier than their urban non-elite counterparts but are increasingly distinguishable by their educational attainment and occupations (e.g., Yang et al, 2021). Hence, it was crucial to separate elite-urban and urban non-elite students to capture the experiences of the most socioeconomically advantaged students.…”
Section: Methodsmentioning
confidence: 99%
“…Nonetheless, economic development has also occurred alongside escalating inequality within urban areas. The urban elite not only are wealthier than their urban non-elite counterparts but are increasingly distinguishable by their educational attainment and occupations (e.g., Yang et al, 2021). Hence, it was crucial to separate elite-urban and urban non-elite students to capture the experiences of the most socioeconomically advantaged students.…”
Section: Methodsmentioning
confidence: 99%
“…In 2019, the average annual fee was ¥253,723 (US$38,739) in Shanghai (the most expensive) and ¥159,886 (US$24,411) in Guangdong Province (the fourth) (NewSchool Insight, 2019). Thus, international schooling forms an exclusive commodity for affluent urban families, especially the “new rich” in China, who accumulated wealth during the reforms and opening-up as entrepreneurs and high-level professionals (Yang et al , 2021). Many are keen to convert wealth into international education opportunities for their children to seek future economic, social and cultural prestige (Xiang and Shen, 2009).…”
Section: International Schooling In Chinamentioning
confidence: 99%
“…Starting from the 1990s, China has gone through a remarkable transformation, progressing from a poor and egalitarian society to an upper-middle-income country with levels of economic inequality comparable to those of the United StatesPiketty et al [2019]. Several studies find that political status and connection might play a key role in explaining existing inequalities, in both developed and developing countries [Johnson and Mitton, 2003, Khwaja and Mian, 2005, Faccio, 2006, Yang et al, 2021. In the context of China, there is growing interest among economists and other social scientists in measuring the economic returns of Chinese Communist Party (CCP) membership [Szelényi, 1987, Nee, 1989, 1991, 1996, Rona-Tas, 1994, Morduch and Sicular, 2000, Dickson and Rublee, 2000, Li et al, 2007, Appleton et al, 2009, McLaughlin, 2017, Gu and Zheng, 2018, Guo and Sun, 2019, Nikolov et al, 2020.…”
Section: Introductionmentioning
confidence: 99%
“…The period under investigation is particularly interesting because China undertook a process of deep economic transformation. Private wealth experienced rapid and diffused growth, fostered by structural reforms [Novokmet et al, 2018, Piketty et al, 2019, Yang et al, 2021, Song et al, 2011.…”
Section: Introductionmentioning
confidence: 99%