| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27337 |
| 来源ID | Working Paper 27337 |
| Party On: The Labor Market Returns to Social Networks and Socializing | |
| Adriana Lleras-Muney; Matthew Miller; Shuyang Sheng; Veronica T. Sovero | |
| 发表日期 | 2020-06-08 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | A person’s schooling years are a formative time for cognitive development, and also a period of intense social interaction and friendship formation. In this paper, we estimate the production of social capital during adolescence and its effect on wages. We develop a model where homophily and coordination play crucial roles in the decision to socialize and study, which in turn determine educational attainment, network formation, and labor market outcomes. We document that individuals make investments to accumulate friends and other forms of social capital. Sometimes these investments compete with schooling investments (particularly when they involve alcohol consumption), but not always. These social investments have payoffs in the labor market and cannot be thought of as pure leisure. We estimate that receiving five to six friend nominations in adolescence has an impact on wage earnings of approximately 10%, comparable to a broad set of estimates of the return to an additional year of schooling. Therefore, policies that alter the schooling environment should be evaluated by their impacts on social capital as well as their impact on education. |
| 主题 | Health, Education, and Welfare ; Education ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w27337 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585008 |
| 推荐引用方式 GB/T 7714 | Adriana Lleras-Muney,Matthew Miller,Shuyang Sheng,et al. Party On: The Labor Market Returns to Social Networks and Socializing. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27337.pdf（1293KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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