Be as Careful of the Company You Keep as of the Books You Read: Peer Effects in Education and on the Labor Market. NBER Working Paper No. 14948

Autor/inn/en	DeGiorgi, Giacomo; Pellizzari, Michele; Redaelli, Silvia
Institution	National Bureau of Economic Research
Titel	Be as Careful of the Company You Keep as of the Books You Read: Peer Effects in Education and on the Labor Market. NBER Working Paper No. 14948
Quelle	(2009) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Peer Influence; Majors (Students); Selection; Labor Market; Academic Achievement; Job Satisfaction; Salary Wage Differentials + Suchen Sie Ihr Suchwort? Auslese; Labour market; Arbeitsmarkt; Schulleistung; Labor; Labour; Satisfaction; Arbeit; Zufriedenheit
Abstract	In this paper we investigate whether peers' behavior influences the choice of college major, thus contributing to the mismatch of skills in the labor market. Using a newly constructed dataset, we are able to identify the endogenous effect of peers on such decisions through a novel identification strategy that solves the common econometric problems of studies of social interactions. Results show that, indeed, one is more likely to choose a major when many of her peers make the same choice. We also provide evidence on skills mismatch in terms of entry wages and occupation. We find that peers can divert students from majors in which they have a relative ability advantage, with adverse consequences on academic performance, entry wages and job satisfaction. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10