Whether economic globalisation is associated with a narrowing or a widening of the social class gap between the education and occupation expectations of Sri Lankan youth is examined through a test of four hypotheses. Methodologically, the study employs the estimated parameters from a system of seemingly unrelated equations for testing hypotheses. Youth expectations for education and occupation are higher than those of their parents when young. Social class effects vary among youth and fathers and mothers when young. The occupation expectations of youth show a widening gap between the middle and low social classes. In all other comparisons, the gaps are positive, indicating a widening, but none attains statistical significance. Causal explanations are explored and the implications for future investigations are identified.