| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7068 |
| DP7068 An Institutional Theory of Momentum and Reversal | |
| Dimitri Vayanos; Paul Woolley | |
| 发表日期 | 2008-12-01 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper studies whether structural properties of friendship networks affect individual outcomes in education. We first develop a model that shows that, at the Nash equilibrium, the outcome of each individual embedded in a network is proportional to her Katz-Bonacich centrality measure. This measure takes into account both direct and indirect friends of each individual but puts less weight to her distant friends. We then bring the model to the data by using a very detailed dataset of adolescent friendship networks. We show that, after controlling for observable individual characteristics and unobservable network specific factors, the individual's position in a network (as measured by her Katz-Bonacich centrality) is a key determinant of her level of activity. A standard deviation increase in the Katz-Bonacich centrality increases the pupil school performance by more than 7 percent of one standard deviation. |
| 主题 | Labour Economics |
| 关键词 | Centrality measure Peer influence Network structure School performance |
| URL | https://cepr.org/publications/dp7068 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535905 |
| 推荐引用方式 GB/T 7714 | Dimitri Vayanos,Paul Woolley. DP7068 An Institutional Theory of Momentum and Reversal. 2008. |
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