“…These findings form a sharp contrast to the pre-1988 era when cadres were crucial in job allocation (Bian, 1994a(Bian, , 1994bBian and Ang, 1997). They however are consistent with Victor Nee's prediction that the market transition has led to the decline of cadre power and that reforms have benefited professionals because the market values expertise (Cao and Nee, 2000: 1176, 1184also Nee, 1996: 917;Raymo and Xie, 2000;Zhou, 2000Zhou, : 1161. Finally, Model 2 of Table 4 shows that job seekers with college degrees are less likely than those without such credentials to get a job on the basis of guanxi networks.…”